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Norway's oil sector reports readiness for big investment

A new poll shows that oil companies active in the Norwegian industry could have larger capital expenditures than previously forecast.

Photo: Nerijus Adomaitis/Reuters/Ritzau Scanpix

During 2021, investment in Norway's oil industry could hit NOK 181.9bn (EUR 17.8bn), estimates Statistics Norway (SSB) in a new report. 

That figure is 4.8 percent higher than the preceding estimate from three months back – an upgrade relating to factors such as two new applications seeking expansion submitted in the interim period.

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