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Statoil warns of new cost reductions

This fall the Norwegian oil company will be ready with another cost reduction initiative, set to be implemented after 2016. It is still to soon to say whether this will result in additional layoffs, says the company's COO after a historical round of layoffs on Tuesday.

Photo: Harald Pettersen/Statoil
BY MATHIAS ØRSBORG JOHANSEN, ENERGIWATCH
Published:

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