June 17, 2014 / 10:10 PM / in 3 years

Norway negotiators work overtime to avert oil strike

OSLO, June 18 (Reuters) - Norwegian oil workers and their employers continued to negotiate past a midnight deadline on Wednesday to avoid a strike that could initially cut the country’s oil production by 100,000 barrels per day, or about 7 percent of capacity.

Two unions representing some 3,500 employees working for oil companies have threatened to put a few hundred workers on strike at several platforms operated by GDF Suez and ExxonMobil if wage and pension demands were not met.

More workers may go on strike at a later time unless a deal is struck.

Norway is the world’s seventh-biggest oil exporter with average daily production of 1.5 million barrels during the first five months of 2014. (Reporting by Terje Solsvik; Editing by Jonathan Oatis)

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