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Oil analyst: Arctic extraction can prove too expensive

It could prove much too expensive to extract oil in the Arctic, warns the Norwegian oil analyst Torbjørn Kjus from DNB.

Photo: Christian Florian / DMI

The Arctic and its opportunities for oil extraction constitute an adventure which may end up being nothing but a good story, stated oil analyst Torbjørn Kjus from the Norwegian bank DNB to the national news paper Dagens Næringsliv.

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