Oil price drop hits Petoro flow

Norway’s state oil holding company Petoro saw its third-quarter earnings cut by lower oil prices, slashing cash flow to government coffers by 35% compared with last year.

Costs call: Petoro managing director Grethe Moen
Costs call: Petoro managing director Grethe Moen
Published 4 November 2014, 09:55Updated 11 October 2016, 15:25
Europe