NORWEGIAN OIL MANAGEMENT STRUCTURE: FAROUK AL-KASIM INNOVATIVE SOLUTIONS

Sonia Benghida
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Sonia Benghida: Woosong University

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Abstract: After the discovery of oil in the Norwegian coast, many uncertainties were raised in the public administration and environmentalists but Farouk Al-Kasim came up with innovative ideas on how to handle the present and future of the oil industry. Farouk Al-Kasim is considered as one of the fathers of the Norwegian oil model; a rare example of good governance among the major oil-producing countries. The Norwegian model has to take accountability on first, the expertise of Farouk Al-Kasim, second, the state's institutional capacity and third, the political stability and government transparency. This article focuses on how Norway managerial structure could affect the state's economy, and refers to the oil market of Norway. It also shows how Norway success depends on its initial institutions and a package of innovative and sustainable strategies. The paper concludes that good governance has been affecting the economic and political equilibrium of Norway economy. This article describes how the policy and management decisions taken in the past have a great impact on the present and are expected to positively affect the future equilibrium of Norway.

Keywords: Sustainable solutions; Technological innovation; Norwegian oil model; Farouk Al-Kasim; Oil management; Statoil; Oil exploration (search for similar items in EconPapers)
Date: 2017-04-30
New Economics Papers: this item is included in nep-ene and nep-his
Note: View the original document on HAL open archive server: https://hal.science/hal-01516617
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Citations: View citations in EconPapers (1)

Published in International Journal of Civil Engineering and Technology , 2017, 8, pp.535 - 542

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