Norwegian oil companies further boost investments in 2024 and 2025
OSLO, May 28 (Reuters) -Norwegian oil and gas investments are expected to hit a record high this year and will remain strong in 2025, driven by a string of new developments as well as cost inflation, a national statistics office (SSB) survey showed on Tuesday.
The country's biggest business sector now expects to invest 246.9 billion Norwegian crowns ($23.58 billion) in 2024, up from a 243.6 billion crowns estimate in February.
($1 = 10.4705 Norwegian crowns)
Reporting by Nerijus Adomaitis, editing by Terje Solsvik
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