4% from sales are being spent on the state-budget.
The taxation on oil companies are 80%
The rest of the 96% earned from sales are being spent on foreign stocks, buying foreign stuff basically.
Some is also spent on innovation and during the finance crisis some was spent as bail-out money. This is how Norway made it through without a scratch.
How do I buy Norway Oil Certificates
Oil. Norway is the third largest oil exporter in the world.
The main sources are hydro-electric, natural gas and oil.
Norway is ranked the world's third largest exporter of oil with only Saudi Arabia and Russia exporting more.
Mainly because Norway has a large amount of oil and gas.
Oil!
Oil and Gaz ;-)
Oil ;-)
Norway is a rich country because its is one of the biggest exporters of Oil, Natural gassss, and fish.
Yes, that's correct. The oil is the reason Norway is one of the richest countries in the world (per inhabitant)
Norway is a developed country because of Sweden, Denmark and Germany's occupation. All the oil that has been found in Norway is also a reason. Norway is a rich country and Norway has therefore good health care, which makes people in Norway live longer.
Norway has a large coastline, which is rich on fish, exporting fish is there for one of the earliest exports Norway started with. Norwegian generally eats alot of fish... Oil, Norway has a lot of oil, but unlike most countries, Norway use very little of it. There for it's exported around the globe, making Norway one of the richest countries in the world.