Norway Oil Success

This is due to increased resource development and other departments. In this sense, the Norwegian government fulfills the needs of the oil industry and other industries well. Hsieh (2012) confirmed this and said, "The GPFG wealth fund mainly invests outside Norway by law and the maximum annual retirement rate is 4%. With these two measures, Norway avoids and maintains ultra-high inflation Traditional industry "Government has succeeded in maintaining reasonable stability of service sector" wood, fishery, shipping "(Wankel, 2009).

There are a lot of oil in Norway. For this purpose, Norway founded its own oil company called "Norwegian National Oil Company". Oil is on the land. Land belongs to Norwegian people and resources are from Norwegian people. It will be a steal. So the Norwegian approach is unprecedented. We have not only established our own oil company. I told other companies that it would be possible if I wanted to drill oil in Norway. However, we will charge a tax of 70% when we return. At first this was awful. But they are still here. That logic is reasonable. This is somewhat similar to that of McDonald 's. McDonald's said: "You can come and sell to my hamburger. Then you can keep a small profit, but most people go to the company because it is a company that owns the product Indeed, when you think about it, will I say that 70% is too few?

While I was staying in Norway, I wanted to know Norway's wealth and one of the reasons for its technological progress. Approximately 5 million people make up 148,747 square miles just because Norway is a small oil and gas-rich country, but in Tanzania there are about 364,898 square miles of oil and gas reserves undeveloped do you have? So, I decided to visit a school called Jonsberg in Hedmark, eastern Norway, located in Stanger, 120 km north of Oslo. It was a high school, founded in 1847. The vice president of the school who was engaged in agricultural education in Uganda was an English teacher at the school and a doctorate degree at Dar es Salaam University. Let me interview the supervision and education system of Norway.

According to the Oil and Gas Journal (OGJ), as of January 1, 2009, Norway has a proven oil reserves of 7 billion barrels, the largest oil reserves in Western Europe. In 2009, Norway produced approximately 2,067 million barrels per day (bbl / day) and consumed approximately 220.2 million barrels per day (Figure 9). Although there is a tendency to indicate that oil production is decreasing since 2004, good news tend to be consumed, but the new development of the Barents Sea and the increase in production in existing areas have recently been on the downward trend We will offset. In 2008, Norway was the world's sixth largest exporter of petroleum, with exports of approximately 25 million barrels per day. According to EIA data, the export of Norway crude oil and petroleum products in 2008 is estimated at 25 million barrels per day from 34 million barrels per day in 2007. According to the Norwegian Bureau of Statistics, the amount of crude oil exported only in 2008 was 83 million barrels. / d