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Norway’s Economy Speeds up with Record Oil Investments

Norway already is glowing with the record amount of investments by domestic and foreign firms in oil and gas sector. The investments are predicted to increase next year as energy companies capitalise on the boom in the sector, further lifting Norway’s economic to one of Europe's best-performing economies. Oil and gas investments in Norway will be around 204 billion crowns in 2013 as per estimation by Statistics Norway, crossing the 185 billion crowns of investment in 2012. These figures can go higher if the anticipated projects which are yet to be approved get license and start operation in oil shores. Opulentus NorwayLine of major discoveries in oil and gas fields, including the huge Johan Sverdrup field, has given the country's energy sector a new life. The upcoming oil and gas companies licensing is expected to bring some of the world's biggest and renowned explorers. Oil investments have kept Norway away from the Euro crisis. Annual economy growth has been steady at approx 5-10%. This has enhanced the Nordic country’s economy. Budget is in surplus, no debts and Norway even was able to save up to $600 billion in a wealth fund for its residents and growth in mainland stream. Energy firms are recruiting professionals in massive numbers. The required employment level will go high in coming months. Norway energy industry workers are the best paid when compared to other countries across the world. Average earning by an oil worker would be around $180,000 a year. Get your profile evaluated for FREE to check your eligibility for Norway visas. Call us on 1800 103 1555 or sms "VISA"on 56263 for more information on type of Norway visas. Share your views with us on Facebook.

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