Ólafsfjörður is a town in the northeast of Iceland located at the mouth of the fjord Eyjafjörður. The town is connected to Dalvík on Eyjafjörður by the 3.5 km one-lane Múli tunnel and to Siglufjörður by the 11 km Héðinsfjörður Tunnels, opened in 2010. Fishing is the main industry in the town; several trawlers make their home in the town's harbor.
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