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2019-12-13 10:25:00

NORWAY'S OIL INVESTMENT $21 BLN

NORWAY'S OIL INVESTMENT $21 BLN

REUTERS - Oil and gas investments in Norway are expected to rise by 3.8% next year to 194.6 billion Norwegian crowns ($21.2 billion) before declining in subsequent years, an industry lobby group said on Thursday.

The Norwegian Oil and Gas Association (NOG) previously predicted 2020 investments would amount to 182.5 billion crowns. The increase was driven by rising costs on some projects but there was no sign of inflation spiraling, it said.

Norway, Western Europe's largest oil and gas producer, is expected to boost its full-year output in 2020 thanks…

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Tags: NORWAY, OIL, GAS, INVESTMENT
Chronicle:
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POWER PURCHASE AGREEMENT BANKABILITY
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