Norway’s state oil and gas holding company Petoro transferred 59 billion kroner ($6.6 billion) to the country’s oil fund in the first half of 2019, a year-on-year increase of just over 5% despite lower production volumes. Petoro, which manages the state’s direct financial interest in Norway’s oil and gas fields, saw net cash flow climb by 3 billion kroner in the first six months to end-June, from 56 billion kroner a year earlier.
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