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Unformatted text preview: pacities total approximately 300,000 barrels per day.
Production at Mongstad is approximately double that of Slagen. The two
refineries buy crude oil and sell products on the world market; thus the
refineries do not necessarily process Norwegian oil. Most of the refineries'
production is exported. 16 LOV 1975-06-13 No. 35: Lov om skattlegging av undersjøiske petroleumsforekomster
m.v. (Law on taxes on petroleum resources). 17
© Ifri F. Harbo / The European Gas and Oil Market Norwegian gas production
As of today, Norway has exported more than 1 100 billion cubic metres of
gas. Of the total expected recoverable resources of 6 000 billion cubic
metres, only about 20% has been produced. Norway is relatively isolated in
the Western world as far as its interests in high and stable natural gas
prices are concerned. The price policy is shared with export countries, like
Algeria and Russia. This requires a new dimension of foreign policy
balancing of Norway’s interests as a petroleum producer in r...
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This document was uploaded on 03/30/2014.
- Summer '14