Article | Last updated: 07/01/2013 | Ministry of Petroleum and Energy
The principal responsibility of the Ministry of Petroleum and 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.
Without good competitiveness, efficient use of resources and profitability in the energy sector, it will not be possible to create the jobs and revenues needed to maintain prosperity and employment.
Energy policy is formulated to ensure the best possible use, within an environmentally-acceptable framework, of the country’s overall supplies of labour, knowledge, capital and natural resources.
As the secretariat for the political leadership, the ministry’s objectives will develop through the government’s energy policy goals — as expressed, for instance, in relevant White Papers and Bills to the Storting.