Norwegian state continues to bag huge gains from oil fields

State-owned Norwegian energy company Petoro, which owns one third of all oil and gas fields on the Norwegian shelf, now believes that oil extraction is on track to become a profitable business once again. The half-year results shows significant improvements compared to last year.
Photo: POLFOTO/AP/Daniella Beccaria
Photo: POLFOTO/AP/Daniella Beccaria

Petoro, the state-owned Norwegian energy company which owns one third of all oil and gas fields in Norway, delivered a significantly better result for the first half of 2017 than in the same period last year.

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