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Norway turns on production tap as oil rout erodes revenue

Published Thu, Oct 15, 2015 · 09:50 PM
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Oslo

NORWEGIAN oil companies are turning on the spigots to counter plunging crude prices.

That may be a welcome news for the government of western Europe's biggest oil producer, which next year is planning to dip into its massive wealth fund for the first time to cover budget shortfalls and stimulate the slowing economy.

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