This is an archived release.
Modest growth in oil and gas turnover
Overall revenues within oil and gas extraction, manufacturing, mining and quarrying and electricity, gas and steam supply were NOK 144 billion in January/February 2001. This was an increase of 7.8 per cent compared with the same period last year.
However, the turnover growth is slightly lower than in the two previous periods.
9.6 per cent turnover growth within oil and gas extraction
The turnover within oil and gas extraction was NOK 55 billion in January and February 2001. This is an increase of 9.6 per cent compared with January and February 2000. The main factor for this growth was the high price of crude oil (Brent Blend). According to the London Spot Market, the average price of crude oil (Brent Blend) was NOK 221 per barrel (USD 25.2) in January and NOK 241 per barrel (USD 27.1) in February 2001.
Growth in manufacturing and electricity
The turnover within manufacturing was nearly NOK 75 billion in January and February 2001 - an increase of 3.6 per cent, compared with the same period last year. Traditional export industries (refined petroleum products, chemicals, chemical products and basic metals) were the main contributor to the growth, but electrical and optical equipment contributed as well.
The revenues within electricity were nearly NOK 13 billion. This was an increase of 27.5 per cent from January/February 2000.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply