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Opab, a Swedish firm, applied for a permit to explore for oil in the Baltic Sea, the Finnish daily Helsingin Sanomat reported. The company hopes to find 300 – 350 million barrels of oil, or enough to cover 20 percent of Sweden’s oil consumption for a 20-year-period. According to Erik Palmlov, chief geologist with Opab’s mother company Svenska Petroleum Exploration, the oil field straddles the boundary of five countries’ exclusive economic zones but extends 110 kilometers into Sweden’s zone south ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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