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Norway's oil industry raises 2019-2020 investment forecasts

Thu, 21st Nov 2019 07:00

OSLO, Nov 21 (Reuters) - Norwegian oil and gas investments
will probably hit a five-year high next year, extending a
recovery that has boosted the country's economy, 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 2019 and 2020
investment plans had been raised since August.
(Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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