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INTERVIEW-Norway says high oil price good for renewables

Thu Jun 12, 2008 4:55pm IST
 
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OSLO, June 12 (Reuters) - Present high oil prices make life difficult in poorer countries but at the same time also help fuel development of renewable energy sources, Norway's Energy and Petroleum Minister Aaslaug Haga told Reuters on Thursday.

"There are several dilemmas regarding the high oil price," Haga said in an interview. "It makes it difficult for the poor countries. At the same time renewable energy will be developed faster, which is good."

Norway is the world's fifth largest exporter of oil and the second biggest supplier of natural gas to Europe. (Reporting by Camilla Bergsli)

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