Norwegian Local Content Policy

Jonathon W. Moses ()
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Jonathon W. Moses: Norwegian University of Science and Technology

A chapter in Sovereign Wealth Funds, Local Content Policies and CSR, 2021, pp 423-435 from Springer

Abstract: Abstract The Norwegian petroleum industry is today strong and internationally competitive. Of course, this was not always the case: the industry was supported, protected, and nurtured at a time when states enjoyed much greater scope for sovereign autonomy. During a relatively short period of time, from about 1970–1986, the Norwegian authorities employed four main instruments to develop local competence in the sector: their unique licensing system, a strong national oil company (Statoil, now Equinor), a series of Technology Agreements and an autonomous regulatory regime that benefited domestic producers. None of these tools are used today, as Norwegian authorities now embrace a remarkably “hands-off” approach to managing the sector. This chapter describes this brief period of political activism, and the industry it created.

Keywords: Norway; Local content policy; National oil company; Sovereignty (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-56092-8_24

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DOI: 10.1007/978-3-030-56092-8_24

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