Norway foresees major oil investment rise in 2018

Investments have declined over the past three years, but new numbers from Statistics Norway show growth of 11 percent compared to the estimates just three months ago.

Photo: PR-foto: Statoil

The oil crisis in Norway seems to finally be over.

According to Statistics Norway (SSB) which collects data from players in the oil and gas industry, investments of NOK 160 billion (EUR 16.5 billion) will be made in 2018 in extraction and pipeline transportation. This is 7.1 percent more than the NOK 148.8 billion invested in 2017, and 11 percent more than what was estimated for 2018 back in November.

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