OSLO: Norwegian oil and gas investment, a key economic driver, is now expected to decline sharply in 2021 after rising less than previously anticipated this year, an industry survey by the national statistics agency (SSB) showed.
The closely watched forecasts, based on data from oil companies working in Norway, show 2020 investment plans have been cut to 180.3 billion Norwegian crowns (US$19bil) from 185.4 billion seen in February.
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