The Kingdom of Norway, is a Nordic country in Northern Europe occupying the western portion of the Scandinavian Peninsula, as well as Jan Mayen and the Arctic archipelago of Svalbard. Norway has a total area of 304,280 square kilometers and a population of about 4.9 million.
Norway is a unitary parliamentary democracy and constitutional monarchy, with HH King Harald V as its head of state and HE Jens Stoltenberg as its prime minister. Minister of Petroleum and Energy of Norway is HE Tord Lien.
Norway has rich resources of oil, natural gas, hydroelectric power, forests, and minerals, and is one of the largest exporters of seafood. Norway is the world’s thirteenth largest oil producer. The petroleum industry accounts for around a quarter of Gross domestic product. In addition, Norway is the fifth largest natural gas producer and the third largest per capita.
Oil and gas industry at Norway is now operating for almost 40 years with a focus on off-shore production. Hydrocarbon industry of Norway has know-how and required expertise to make optimum utilization of petroleum resources in a safe way. Developing expertise has been integral to Norway’s oil and natural gas policy. Experience, skill-sets and technological advances developed on Norwegian continental shelf are made use by global oil and gas industry.
Other major industries in Norway include shipping, food processing, shipbuilding, the metal industry, chemicals, mining, fishing, and the pulp and paper production.
Norway is a founding member of the United Nations, NATO, the Council of Europe, and the Nordic Council, and is a member of the European Economic Area, the WTO, OECD and is Observer Member to the GECF.
|Land (1000 sq km)||304,280|
|Head of State||King Harald V|
|National currency||Norwegian krone|
|Energy sources||Natural gas, petroleum, hydroelectric|
|GDP per capita (current US$)||78,178|
|GDP (billion current US$)||378.592|
|GDP growth %||1.80%|
|Value of exports of goods and services (billion $)||160,418,107,828|
|Value of petroleum exports (billion $)||na|
|Value of gas exports||na|
|Current account balance (billion $)||49.58|
|Proven crude oil reserves (billion barrels)||6.68|
|Crude oil production (1,000 b/d)||2,067|
|Refinery capacity (1,000 b/d)||na|
|Output of petroleum products (1,000 b/d)||323.962|
|Consumption of petroleum products (1,000 b/d)||218.123|
|Crude oil exports (1,000 b/d)||1,771|
|Exports of petroleum products (1,000 b/d)||412|
|Proven natural gas reserves (trillion cu. m.)||2.31|
|Natural gas exports (billion cu. m.)||98.9|
|Natural gas consumption (billion cu. m.)||4.587|
|Marketed production of natural gas (billion cu. m.)||103.5|