Worlds largest island could hold the worlds largest oil reserve

[Italkcash Newsfeed]

Greenland the worlds largest island, locates in the artic region in the atlantic ocean, could hold some of the worlds largest oil reserves. The oil industry have increase the budgets for exploring this country and the areas around it by 5000% over the last 8 years. The Greenlandic government (home rule under the danish crown) have signed an agreement with the danish government concerning future oil and mineral industry in the country. This gives the greenlandic people the bigger part of the profit. If the case studies are right Greenland could be one of the richest countries in the world massured in the GDP. Keep an eye on Greenland and on the first greenlandic mining company Nuna Minerals (Listed under NUNA and OMX Nordic) This share could be an interest share.


The Doc

[indian rep]

Oil is being explored a lot in many other countries being a non renewable resource, now many country would be expecting the hands of Greenland for the oil. So, it is sure to get a great profit if the research is successful. All the best for their citizens.