Norway oil firms raise 2021 investment plans


The biggest sector in Norway now expects to invest 173.6 billion Norwegian crowns (US$20.5bil) this year, up from a forecast of 166.3 billion crowns in November, the SSB said, but that still lags last year’s 179.3 billion.

OSLO: Oil and gas (O&G) firms in Norway have increased their 2021 investment plans in recent months, but still plan to spend less than last year and reduce spending in 2022, a national statistics office (SSB) survey showed yesterday.

The biggest sector in Norway now expects to invest 173.6 billion Norwegian crowns (US$20.5bil) this year, up from a forecast of 166.3 billion crowns in November, the SSB said, but that still lags last year’s 179.3 billion.

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