Turnover in oil and gas, manufacturing, mining and electricity supply, June 2000

The turnover of energy goods was almost NOK 70 billion. This is a growth of more than 67 per cent compared with the same period last year. High price of crude oil (Brent Blend) contributed a lot to the growth. According to the London Spot Market, the average price of crude oil was NOK 249 (USD 28) in May and NOK 256 (USD 29.5) in June up 111 and 105 percent respectively. Enterprises within electricity, gas and steam supply sold for about NOK 9 billion, an increase of 4.5 per cent.

Refined petroleum products give growth

Enterprises within manufacturing sold for above NOK 80 billion, an increase of 2 per cent compared with the same period last year. First of all, the growth came from refined petroleum products and basic chemicals. The growth within refined petroleum was nearly 73 per cent. According to Statistics Norway's Producer Price Index, these products had a growth in prices of 41 per cent in May and almost 45 per cent in June.

Chemicals and chemical products had also a strong rise - a climb of more than 33 per cent compared with the same period last year. The turnover was roughly NOK 7 billion. All groups within chemicals and chemical products experienced growth, and especially the group basic chemicals.