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Montevideo, November 14th 2018 - 22:20 UTC

Tag: Anders Opedal

  • Friday, August 31st 2018 - 08:29 UTC

    Norway's Equinor plans to invest US$ 15bn in Brazil's oil, gas and renewables

    “Brazil is a perfect match for Equinor with our operational, technical competence built over decades on the Norwegian continental shelf,” said Anders Opedal

    Norway's Equinor will invest up to US$ 15 billion in Brazil over the next 12 years to develop oil, gas and renewable energy sources, the company said. Coinciding with an expected drop in output from many aging oilfields off the cost of Norway, Brazil is expected to become a core region for Equinor as the firm takes advantage of the country’s opening in recent years to more foreign investment.