{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

From 2009 the fund will be able to possess 10 of any

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ice is normally based on a reference price in the spot market. The price of oil from the British Brent field is a reference for crude oil from the North Sea 15 As far as the situation looks now, Norway is going to possess 1% of the European actions, says the director of the Government Pension Fund-Global, Yngve Slyngstad. From 2009, the Fund will be able to possess 10% of any company (see: Aftenposten, January 30, 2008, p. 2). 16 © Ifri F. Harbo / The European Gas and Oil Market basin. The different oil types are often marketed together as a blend, out of commercial and technical considerations. Both oil quality and flexibility as regard to loading and storage influence the actual sale price. The Norwegian authorities stipulate a norm price based on the companies' sales, which is used in the calculation of the petroleum tax. Most oil companies on the Norwegian continental shelf are parts of corporations with a diversified global business portfolio. Produced petroleum is, therefore, largely sold to associated companies. It can often be a difficult task for the petroleum tax authorities to assess whether pr...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online