VOL. XLVI
No 41
13-October-2003
NORWAY
BUDGETS AND REVENUES
Norways 2004 Budget Based On Oil Price Of $24.4/B
Norway has estimated its draft budget for 2004 based on an oil price of 170 Norwegian crowns (NOK) per barrel ($24.4/B at an exchange rate of $1 = NOK6.96), according to the Ministry of Petroleum and Energy. The budget oil price for 2003 is set at NOK200 ($28.7/B), which was revised upwards from NOK190/B ($27.8/B) itself an upwards revision from the original estimate of NOK180/B (MEES, 26...
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