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Old 03-28-2018, 12:36 PM   #634
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“The world is changing, and so is Statoil,” said Board Chair Jon Reinhardsen in a Thursday morning statement. “The biggest transition our modern-day energy systems have ever seen is underway, and we aim to be at the forefront of this development.”
Statoil CEO Eldar Saetre acknowledged in 2017 that “a peak in oil demand” is coming, probably between the mid-2020s and the mid-2030s, and eventually oil “will be a shrinking business.”
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