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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

Oil and gas company Statoil near Stavanger, Norway. The country's Conservative-led government, which won elections in 2013, had insisted oil companies have an obligation to produce all profitable barrels, putting pressure on state-controlled Statoil ASA and others to commit to investments.


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...

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