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The good oil. State roles in Norwegian petroleum sector

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  • Cullen, Ross

Abstract

Oil and gas have been produced on the Norwegian continental shelf since 1971. Exploration rates, extraction rates, employment, expertise levels, exports of oil and gas have all increased many fold during 1971-­‐2013. The State has several roles in the Norwegian petroleum sector including basic research provider, allocator of exploration rights, investor, infrastructure owner, taxation collector, Sovereign Wealth Fund owner. In this paper I review the development of the petroleum sector in Norway, and highlight the various roles of the State in the development of the sector. The paper provides an overview of the macroeconomic importance of oil and gas in the Norwegian economy and critiques selected petroleum related policies.

Suggested Citation

  • Cullen, Ross, 2014. "The good oil. State roles in Norwegian petroleum sector," 2014 Conference (58th), February 4-7, 2014, Port Maquarie, Australia 165816, Australian Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:aare14:165816
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    File URL: http://purl.umn.edu/165816
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    References listed on IDEAS

    as
    1. Lindsay Hogan, 2012. "Non‐renewable resource taxation: policy reform in Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 56(2), pages 244-259, April.
    2. Henry Ergas & Mark Harrison & Jonathan Pincus, 2010. "Some Economics of Mining Taxation," Economic Papers, The Economic Society of Australia, vol. 29(4), pages 369-383, December.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    petroleum sector; oil and gas; Norway; State roles; policy; Environmental Economics and Policy; Resource /Energy Economics and Policy; Q32; Q38; Q43;

    JEL classification:

    • Q32 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Exhaustible Resources and Economic Development
    • Q38 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Government Policy (includes OPEC Policy)
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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