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Norway oil output down in July due to strike

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11:04 CEST+02:00
Oil output in Norway, an important exporter, dipped in July due to a strike that paralyzed certain fields at the beginning of the month, official data showed on Friday.

While output slid just 0.6 percent over the month to an average of 1.481 million barrels per day (mbpd) in July, the strike had already begun in June, and production was five percent lower than official forecasts by Norway's oil management agency.

Over the first seven months production was 0.5 percent below forecasts.

At the beginning of the year the Norwegian Petroleum Directorate forecast oil production would slide to an average 1.6 mpbd from 1.7 mbpd last year and 1.8 mbpd in 2010.

Production of saleable natural gas production rose to around 9.1 billion cubic metres in July according to preliminary figures, up 6.5 percent from the 8.5 billion cubic metres produced in June.

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