The Guardian·3 min read·medium
Norway’s national oil company profits double to $11.5bn amid war on Iran
K
Kalyeena Makortoff
✦AI Summary
Norway's state-owned oil company, Equinor, reported a profit of $11.5 billion for the second quarter, driven by rising oil prices amid the US-Iran conflict. The company increased production to fill supply gaps caused by disruptions in the Strait of Hormuz.
Equinor's LNG facility outside Hammerfest. Photograph: Ole Berg-Rusten/NTB/AFP/Getty Equinor's LNG facility outside Hammerfest. Photograph: Ole Berg-Rusten/NTB/AFP/Getty Norway Norway’s national oil company profits double to $11.5bn amid war on Iran Equinor benefits from move to ramp up oil and gas production during strait of Hormuz blockades
businesseconomyworld
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