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Norway announces massive bailout for its oil sector

The Norwegian government launches an aid package for the country's oil and gas sector, which is hard hit by the oil price collapse and the corona crisis. The bailout could amount to NOK 100 billion.

Photo: Staff/Reuters/Ritzau Scanpix

Norway's government is about to launch a financial bailout scheme for the strained oil and gas industry in the country, of up to NOK 100 billion (USD 9.7 billion).

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