40 years of bargaining ended: Norwegian/Russian sea border settled


Oslo, April 29. 2010

Russia and Norway have reached agreement on a disputed Arctic border in the Barents Sea.

The border, which cuts across an area thought to be rich in oil and gas, has been contested for decades. The territorial dispute meant proven offshore oil and gas deposits had not been exploited. Norwegian Prime Minister Jens Stoltenberg was quoted as saying on Tuesday that the two countries now agreed “on all elements”.

Russian President Dmitry Medvedev who is visiting Norway, said the agreement was “good and balanced”.

In recent years, several states have launched claims to Arctic territory as climate change and technological developments have increased access to the region.

The new border divides the disputed area into two roughly equal parts, and makes Norway the largest territory in Europe, if indeed Europe ends at the Ural mountains.

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