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Commodities Briefing - Categorized | Investment, Market Moves, Oil more

Norway optimistic about oil/gas despite crisis

Posted on 21 November 2008

From Guardian: Investments in oil and gas activities off Norway remain high and may grow next year despite the global financial crisis and a lower oil price, state agency the Norwegian Petroleum Directorate (NPD) said.

“So far, we haven’t seen any effects (of the financial crisis) on capex plans for the Norwegian shelf, although it is still unclear how this crisis will play out in the real economy,” NPD Deputy Director General Kjell Agnar Dragvik said….. Full Article: Source


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