Norway's Akastor in massive deficit

The crisis in the oil service sector hit Norwegian Akastor hard in the third quarter. The company's primary stakeholders are business man Kjell Inge Røkke (photo) and the Norwegian state.

The downturn in the oil service industry is clearly reflected in the third quarter interim report published by Kjell Inge Røkke-controlled Akastor on Monday. The Norwegian state is also a major stakeholder in the company.

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