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Norway's oil industry raises 2020 investment forecast -SSB

Reuters - UK Focus
Updated

OSLO, Feb 20 (Reuters) - Norwegian oil and gas investments, the country's key economic driver, will rise more than previously expected, but were to fall in 2021, an industry survey by Statistics Norway (SSB) showed on Thursday.

The closely watched forecasts, which are based on data from oil and gas companies working in Norway, showed investments to rise to 185.4 billion Norwegian crowns, up from 182.6 billion crowns projection last November. (Reporting by Nerijus Adomaitis)