Norway cuts oil budget by USD 23 billion
![Photo: Marit Hommedal - Statoil](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article6026346.ece/ALTERNATES/schema-16_9/Kristin%2520plattform%2520-%2520Photo%2520Marit%2520Hommedal%2520-%2520Statoil.jpg)
The Norwegian Petroleum Directive (Oljedirektoratet, OD), an independent public administrative body, is now putting numbers on the developments feared by the entire oil industry - namely the size of the Norwegian Petroleum Directive's estimated cost reductions on the Norwegian shelf.
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