|
|
Article: Middle East crisis provides 'bonus' for Norwegians. (oil prices)
- Article from:
- The Oil Daily
- Article date:
- August 20, 1990
- Author:
CopyrightCOPYRIGHT 1990 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Middle East Crisis Provides `Bonus' For Norwegians
LONDON - Norway, which had been anticipating solid increases in oil production this year, stands to pick up a bonus in the form of the higher prices created by the Middle East crisis.
"We were expecting an increase in the price for the third and fourth qaurters," said Egil Helle, a spokesman for the Norwegian Ministry of Petroleum and Energy in Oslo. "But, of course, because of what has happened in the Middle East, the oil price today is higher than we expected."
Norwegian planning for 1990, Helle said, was based on an overall oil price of $19. Every dollar above this level - figured on a yearly ...