Noreco dodges oil collapse – ensured price of USD 67 two years ago

In 2018 Noreco fixed its oil price for this year at USD 67 per barrel, which was quite a bit below the price at the time. Today the company is more or less unaffected by the price plunge, chairman tells Dagens Næringsliv.

Photo: PR / Noreco

The oil price plunge has probably not caused as much concern at oil company Noreco as it has among many others.

"We are more or less unaffected by the oil price drop," says Chairman Riulf Rustad to Dagens Næringsliv, reports Norwegian news agency NTP.

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