Stumbling Block: China-Iceland Oil Exploration Reaches an Impasse

by Marc Lanteigne This week, it was announced that the China National Offshore Oil Cooperation / 中国海洋石油总公司 (CNOOC) intended to withdraw [In Icelandic] from what was an ambitious oil exploration project in the waters off Iceland. In October 2013, an agreement had been finalised which granted a licence to the partnership of CNOOC and Eykon, a… Continue reading Stumbling Block: China-Iceland Oil Exploration Reaches an Impasse