Norway | Package of measures to support the oil and gas industry and the supply industry

These measures are intended to help the oil and gas industry and the supply industry to maintain activity during the coronavirus crisis. Another package of measures will also be presented to ensure progress towards Norway’s green transformation.

The petroleum industry is Norway’s largest and most important industry in terms of share of value added, state revenues, export value and investments.

‘We have known for a long time that investments on the Norwegian continental shelf will fall. The Government is seeking to make the Norwegian economy less dependent on oil, but it is vital to ensure that the crisis we are now experiencing does not result in such a sudden and deep decline that we lose valuable expertise that we need for the transformation of Norway’s economy,’ said Ms Solberg.

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