Battle over North Sea’s black gold | Economy | Saudi Gazette

Battle over North Sea’s black gold | Economy | Saudi Gazette:



"North Sea oil has been at the center of fierce debate over Scotland’s future ahead of an independence vote next month, with both sides wrangling over the outlook for the region’s treasure trove of black gold.



Around 42 billion barrels of oil and gas have been extracted from the North Sea since the early 1970s, providing a welcome boost to the British government’s coffers — and Scotland’s economy.



Now, with Scotland heading to the polls on September 18 in a referendum that could spell the end of the 300-year-old union with England, its lucrative energy resources are in sharp focus."



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