Norway still relying heavily on its oil, also in budget aid to Ukraine

Quick Summary:

The Norwegian government is not only offering new record-large offshore areas in the Arctic for more oil and gas exploration, it’s seeking support in Parliament to pull more money out of its Oil Fund than ever before.

Norwegian politicians nonetheless tend to be very careful about Oil Fund use, and Stoltenberg seemed prepared for opposition when he unveiled his revised state budget on Thursday.

He called that “good for Norway and for Europe,” which has needed Norwegian gas to replace gas supplies from Russia.

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Article Details

Author / Journalist: Nina

Category: Business

Markets: NorwayUkraine

Topics: State budget Oil Politics Climate Top Story Government Environment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-15 @ 17:57:26 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsinenglish.no

Language: English

Article Length: 1122 words

Reading Time: 7 minutes read

Sentences: 37 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © News in English

News ID: 28735364

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About News in English

Main Topics: Business

Official Website: newsinenglish.no

Year Established: 2008

Headquarters: Norway

News Last Updated: 1 days ago

Coverage Areas: Norway

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #108

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