orkumálasamstarfi
Orkumálasamstarf translates from Icelandic to mean "energy cooperation." This term refers to collaborative efforts and agreements between nations, organizations, or entities focused on the development, production, distribution, and utilization of energy resources. Such cooperation can encompass a wide range of activities, from sharing technological advancements and research findings to joint investments in infrastructure projects like power grids, pipelines, or renewable energy farms.
The motivations behind orkumálasamstarf are diverse. They often include enhancing energy security by diversifying supply sources
Examples of orkumálasamstarf might involve countries pooling resources for the exploration of offshore oil and gas