Petoro increases billion-dollar cheque to Norwegian state
Despite fluctuating oil and gas prices, state-owned oil company Petoro has once again increased its contribution to the treasury – this time with a transaction to the Norwegian Oil Fund that is USD 336.8 million higher than in last year's first half.
by SIMON VALEUR
Norwegian state-owned oil company Petoro paid the state NOK 59 billion (USD 6.6 billion) during the first half of the year, according to a statement by the company, which manages the state's oil and gas extraction efforts on the Norwegian shelf.
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