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Lofoten oil extraction to create 37,000 new jobs

If Norway decides to start extracting oil at Lofoten and Vesterålen it may result in 37,000 new jobs during the 30 years to come, according to the Norwegian Minister of Petroleum and Energy.

It may create as much as 37,000 new jobs if Norway decides to begin an actual oil production in the vulnerable area near Lofoten and Vesterålen, Dagens Næringsliv reports.

This is the most optimistic scenario according to the Norwegian Minister of Petroleum and Energy, Ola Borten Moe, who will present the expected results of oil activities in the area today.

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