StatoilHydro announces cost cuts for 2009

State-controlled Norwegian oil company StatoilHydro ASA announced plans Wednesday to cut its 2009 costs by 1.5 billion kroner ($215 million) to adjust to weaker market conditions amid the world economic downturn and lower crude prices.

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The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email:

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