NORWAY'S INVESTMENTS WILL FALL 9.3%
Norway is expected to decrease investments in oil and gas activities by 9.3% in 2016, Statistics Norway wrote on Tuesday, adding that the country should increase investments in electricity.
'The latest estimates for 2016 show that total investments are expected to amount to NOK 219.4 billion. This is 5.4 per cent lower than the corresponding figure for 2015. The decline is mainly due to a fall of 9.3 per cent within oil and gas' reads the statement.
Norway's investments in oil and gas extraction and pipeline transport for 2016 are now estimated at NOK 171 billion. The decrease has to do with lower investments…
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