7 June 2011 Last updated at 16:32 GMT
Russia and Norway have agreed a deal to divide up their shares of the Barents Sea.
The deal follows decades of negotiations between the two sides over how to divide the region.
The accord will allow companies to explore for oil and gas in the 68,000 square mile area.
The agreement has been approved by the two countries' parliaments and will be implemented on 7 July this year.
Russian Foreign Minister Sergey Lavrov and his Norwegian counterpart Jona Gahr Stoere ratified the deal during a ceremony in Oslo on Tuesday.
It splits the disputed part of the Barents Sea into two equally sized areas.
The region has become more accessible recently as global warming has caused the ice to melt.
Analysts say the melting ice could open up new, shorter, shipping routes between Russia and Norway and Asia.
Full story :http://www.bbc.co.uk/news/business-13686049
ไม่มีความคิดเห็น:
แสดงความคิดเห็น