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The Government Building Complex

Regjeringskvartalet, the government building complex, is located in central Oslo. The terror attack of 22 July 2011 killed eight people, injured more than 200 people, and caused considerable damage to several buildings. The offices of more than 1800

Electricity

A reliable supply of electricity is crucial in modern society. In business and industry, the public service sector and households, reliable access to electricity is a matter of course.

Carbon capture and storage - CCS

Various governments have worked to realize a full-scale project for capture, transport and storage of CO2 (CCS) in Norway. The Norwegian Parliament approved the full-scale CO2 management project in Meld. St. 33 (2019-2020) Longship - capture,

Renewable Energy

Areas of responsibilities

The Ministry of Education and Research’s task is to formulate future-oriented and coordinated policies for the education sector. The aim is to ensure that Norway has a good, efficient education system, as well as productive and creative research

Areas of responsibility

Centre for integrity in the Defence Sector (CIDS)

CIDS aims to promote and strengthen professional integrity and good governance in the defence and security sector, both in allied and partner countries.

About the ministry

Information about the The Ministry of Children and Families.

About the Ministry

The Ministry of Finance monitors and analyses economic trends in Norway and abroad, and gives advice in a number of areas of economic policy.

The Ministry

The principal responsibility of the Ministry of Energy is to achieve a coordinated and integrated energy policy. A primary objective is to ensure high value creation through efficient and environment-friendly management of Norway’s energy resources.

Norway’s oil history in 5 minutes

In the late 1950s, very few people believed that the Norwegian continental shelf (NCS) might conceal rich oil and gas deposits. However, the discovery of gas at Groningen in the Netherlands in 1959 caused people to revise their thinking on the

Production and exports

Norway is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Norwegian shelf is exported.

The Norwegian Fiscal Policy Framework

The Government Pension Fund Global and the fiscal rule have since 2001 set out the plan for the phasing-in of petroleum income and investment returns to the Norwegian economy. The Government Pension Fund Act stipulates that the State’s net cash flow

Distribution of gaming funds for sporting purposes (the main distribution)

Gaming proceeds from Norsk Tipping are distributed as follows: First, 6.4 percent is distributed to health and rehabilitation projects. Of the remainder, 64 percent is allocated to sporting purposes, 18 percent to culture purposes and 18 percent to

Market Value of The Government Pension Fund

The accumulation of capital in the GPFG originates by and large from the conversion of oil and gas resources in the North Sea and Norwegian Sea to financial assets abroad. The capital base of the GPFN originates primarily from surpluses in the

Annual Report to the Storting

Transparency is a prerequisite for ensuring widespread confidence in the management of the Government Pension Fund. The Ministry gives an account of the management of the Fund in an annual report to the Storting, as well as in the National Budget.

How state ownership is exercised

The Government’s ambition is that the Norwegian State’s exercise of ownership shall be in accordance with the best international practice. The State shall be an active owner with a long-term perspective in line with good and responsible private

History

Norwegian Carbon Credit Procurement Program

Norway is committed to an ambitious climate policy and has a target under the Paris Agreement of 55 % GHG emissions reduction by 2030 relative to 1990 levels (Nationally Determined Contribution - NDC).

Framework

The overall objective of Norway’s petroleum policy is to provide a framework for the profitable production of oil and gas in the long term.