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International Business Times UK
International Business Times UK
World
Jim Manzon

Unauthorized Trump-Linked Arctic Drilling Equipment Sparks Sovereignty Crisis and $1 Trillion Oil Feud

Greenland Energy says the Jameson Land basin could hold 13 billion barrels of recoverable crude beneath Arctic tundra (Credit: Zbynek Burival/Unsplash)

Greenland has issued a strong warning to a Texas oil firm tied to President Donald Trump after it landed Arctic drilling equipment without approval, renewing scrutiny of US ambitions for the semi-autonomous territory and the company's vast crude claims.

The equipment belongs to Greenland Energy, a Houston company set up last year whose chairman and major shareholder, Larry Swets, is reported to be close to the president. Residents in the remote Jameson Land region on Greenland's eastern coast spotted a tug boat towing a barge that unloaded about a dozen containers last month.

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