Norway Big Oil dangles 150b kroner investments in return for tax breaks
As the nation heads for elections next month, oil industry players hope to break stalemate of last 4 years
Oslo
NORWAY'S oil industry says it has some major investments in store if the government can just come through with some tax incentives.
It's still hoping for tax breaks to encourage recovery of oil from older fields. Those failed to materialise over the past four years even as the industry went through its worst investment collapse in a generation.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns