The Norwegian Oil and Energy Ministry plans to send part of the bill on to the public when oil companies start to extract oil in the far northern regions such as the Barents Sea, reports Dagens Næringsliv, citing Reuters.
The news agency has gained access to letters sent by the ministry to the oil companies back in 2016 when it issued the most recent licenses for the Norwegian shelf, including the far northern Barents Sea, for which a special UN article will come into force. A tariff will be made applicable to drillings far away from the shore, to be paid to the UN.
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