Statoil unveils plans to invest NOK 150m ($25.8m) in early-stage tech firms.

Statoil, the Norwegian oil and gas company, has announced it will invest NOK 150m ($25.8m) of venture capital in early-stage tech firms through its venture unit Statoil Technology Invest.

The company says that it has invested NOK 800m ($138m) in tech companies that could assist in Statoil’s operations in the last five years. It also stated that in 14 companies it has taken an ownership stake in, Statoil has either already incorporated technology from its investees, or has plans to.

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