DD Support Board and Research Team

[shajandr]

"why Norwegians are happy"

LOLOL! No investigative reportage needed there. Four million folks sitting on the hugest underwater sweet light/internmediate crude oil reservoir - the North Sea.

Statoil - the Norwegian state oil company - makes enuff to make every Norwegian a solid five figger income just from royalties. Butt they invest some, because they know the oil will eventually run ~OUTT.

And then, then Norwegians will be sad.

Note: 1 NOK = 0.11 USD



The expected net government cash flow from petroleum activities (in billion 2019-NOK)


2018 2019
Taxes 119.0 156.1
Environmental taxes and area fees 7.0 7.2
Net cash flow from SDFI 123.2 105.9
Equinor dividend 14.8 16.6
The net government cash flow 264.1 285.8

(Source: National Budget 2019)

Norway’s tax revenues from petroleum activities are estimated to around NOK 119 billion in 2018. The net cash flow from direct ownership in fields through the SFDI system is estimated to NOK 123 billion. The government has additional income from fees and Equinor (formerly Statoil) dividend. Estimated total net cash flow from the petroleum industry in 2018 is NOK 264 billion (2019-NOK).

This is a significant increase since 2017 and is caused mainly by increased income due to higher oil and gas prices as well as increased production. The total revenues from the industry amounted to around 21 % in 2018. The net government cash flow is expected to be around NOK 286 billion in 2019.

http://www.businessforscotland.com/uks-oil-gas-revenues-dwarfed-norways/