Read the story in the Iceland Review HERE
Here's a couple of paragraphs to get you started...
In less than two years Iceland has to submit a report to the United Nations Commission on the Limits of the Continental Shelf (CLCS), which will then estimate reports from all nations claiming rights to the continental shelf in question and propose how it should be divided.
Iceland automatically has the rights to an area of the continental shelf limited by 200 nautical miles around the island, but can, under certain natural circumstances, claim rights to other parts of the continental shelf as well.
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