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Spanish oil firm says Canary Island exploration unsuccessful

2015-01-16 13:08:09| Oil & Gas - Topix.net

Spanish energy company Repsol says it has ended oil and gas exploration off the Canary Islands after analysis showed there were insufficient finds to merit extraction. The search, begun in November, had generated much opposition as island residents and ecologists feared spills could damage the Spanish archipelago, one of Europe's biggest tourism magnets and home to an important fishing industry.

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