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Norwegian Oil Investment Will Be Reduced 9% To 10% This Year
Feb 27, 2017

According to  Jones on February 23, the Swedish commercial bank capital market company said, according to Norway's national statistics agency’s survey data released Thursday 2017 Norwegian oil and gas investment is estimated to be 149.4 billion Norwegian kroner ($17.89 billion), higher than the previously estimated 146.6 billion Norwegian kroner, the results of the survey and Norwegian bank's expectations. Swedish commercial bank capital markets said: "According to our calculations, which means that this year the Norwegian oil and gas industry investment will be reduced about 9% - 10% in real terms. In contrast, Norwegian bank is expected to Norway's oil and gas industry investment by 11% this year." Swedish commercial bank capital market company said in the sharply reduced by 15% over the past two years later, in the first half of this year Norway's oil and gas industry investment is expected to further cuts, in the second half began will begin to slow gradually.

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