Einar Steensnaes The Oslo Center for Peace and Human Rights IDEA Annual Democracy Forum Gaborone,...
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- Einar Steensnaes The Oslo Center for Peace and Human Rights
IDEA Annual Democracy Forum Gaborone, Botswana 24-25 November
2014
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- Norway a major oil&gas producer
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- Legislation Taxation Security Safety Environment Climate
Cessation
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- Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector
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- Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972:
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- Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct)
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- Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct) 1993-2001: (Flexible shares) +
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- Public-private partnership The Norwegian experience: A well
balanced cooperation with private sector 1. 1965-1972: 2.
1972-1993: (50 pct) + (50 pct) 3. 1993-2001: (Flexible shares) + 4.
2001- : partly privatised + 67 pct 100 pct
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- Licencing system in Norway Oil Companies vs the Government 100
% 0 % Company activities Government activities Exploration
DevelopmentProduction
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- A fair distribution between citizens Transparency Improving
living conditions for all A fair distribution between generations
Avoid overspending & overheating of economy Apply good
governance Take into consideration environment and climate
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- Established in 1990 Manager: The Norwegian Central Bank
Investments in non-Norwegian financial instruments (equities,
bonds, money market instruments) and real estate 46 developed and
emerging markets
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- Norway
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- National Insurance liabilities for retirement pensions ~900
bill USD
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- The Global fund flow of capital State Budget Fund Revenues
Expenditures
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- State Budget Fund 680 bill USD Return on investments Revenues
Expenditures 195 bill USD Petroleum revenues 63 bill USD 168 bill
USD ?
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- The transfer of money from the Fund, should not exceed 4 pct of
the Funds capital annually
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- State Budget Fund 610 bill USD Return on investments Revenues
Expenditures 168 bill USD Petroleum revenues 63 bill USD 4% ~ 24
bill USD 144 bill USD
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- GOOD GOVERNANCE PRINCIPLES ACCOUNTABILITYRULE OF
LAWTRANSPARENCYINCLUSIONIMPARTIALITYSUSTAINABILITY
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- The Oslo Center