This preview shows page 1. Sign up to view the full content.
Unformatted text preview: over.24
But what is the history behind this big success? The proposal for the
Statoil and Norsk Hydro merger was announced in December 2006. Under
the rules of the EEA, the merger was approved by the EU on May 3, 2007
and by the Norwegian Parliament on June 8, 2007.
Statoil (Den Norske Stats Oljeselskap A/S) was founded as a
private limited company owned by the government of Norway on July 14,
1972. This was politically motivated by a desire for Norwegian participation
According to a report by the business information company Nordic Netproducts. Available
on: <www.nordicnet.net/>, July 4, 2008. 29
© Ifri F. Harbo / The European Gas and Oil Market in the oil industry on the continental shelf and to build up Norwegian
competency within the petroleum industry and to establish the foundations
of a domestic industry. In 1973, the company started work in the
petrochemical industry. This resulted in the development of processing
plants in Rafsnes and, in partnership with Norsk Hydro, the Mongstad plant
View Full Document
This document was uploaded on 03/30/2014.
- Summer '14