November 21, 2019 / 7:13 AM / 24 days ago

Norway's oil industry raises 2019-2020 investment forecasts

OSLO, Nov 21 (Reuters) - Norwegian oil and gas investments will probably hit a five-year high next year, extending a recovery that has boosted the country’s economy, an industry survey by Statistics Norway (SSB) showed on Thursday.

The closely watched forecasts, which are based on data from oil and gas companies working in Norway, showed 2019 and 2020 investment plans had been raised since August. (Reporting by Terje Solsvik, editing by Nerijus Adomaitis)

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