Abstract

In many countries, oil and gas resources have proved detrimental to economic development. Norway is often presented as a resource-abundant economy which has avoided symptoms of resource curse, such as Dutch disease. This paper analyzes the key features of the Norwegian oil and gas industry, including Statoil and the Government Pension Fund Global, and it reflects on the not exportable (specificities) and exportable aspects of Norway’s experience. From this analysis, we formulate the lessons that the Norwegian experience can provide to foster the improved management of oil and gas resources in other economies.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.