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.
Wiki User
∙ 12y agoWiki User
∙ 11y agoNorway gets its energy from hydro electric power and Norway has 99% hydro power
Wiki User
∙ 14y agoWiki User
∙ 14y agoFrom under the sea
Wiki User
∙ 13y agoThe North Sea.
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.
Norway is a rich country because its is one of the biggest exporters of Oil, Natural gassss, and fish.
Oil!
Oil and Gaz ;-)
Oil ;-)
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.