Norway oil companies raise 2023 and 2024 investment forecasts
17/08/2023 07:09
OSLO, Aug 17 (Reuters) - Norwegian oil and gas companies
plan to invest more for 2023 and 2024, with a weaker crown
currency driving cost inflation, a national statistics office
(SSB) survey showed on Thursday.
The country's biggest business sector now expects to invest
213 billion Norwegian crowns ($20.03 billion) in 2023, up from a
forecast of 197.8 billion made in May, SSB said.
($1 = 10.6319 Norwegian crowns)
(Reporting by Nerijus Adomaitis; Editing by Terje Solsvik)
((nerijus.adomaitis@thomsonreuters.com; +47 9027 6699; Reuters
Messaging: nerijus.adomaitis.thomsonreuters@reuters.net))