Ministry of petroleum & energy

The Ministry of Petroleum and Energy’s main responsibility is to achieve a coordinated and integrated energy policy.

Main Areas

The Ministry of Petroleum is responsible for policy in the following areas:
• Oil and gas
• Renewable energy
• Carbon capture and storage
• Power market, distribution and consumers
• Energy and petroleum research
• State participation in the petroleum sector
• Water resources management

Objectives
A primary objective of the Ministry is to ensure high value creation through efficient and environmentally friendly management of Norway’s energy resources. Without a high level of competitiveness, the efficient use of resources, and profitability in the energy sector, it will not be possible to create the jobs and revenues needed to maintain prosperity and employment.

Energy policy must be formulated to ensure the best possible use, within environmentally acceptable limits, of the country’s overall supplies of labour, knowledge, capital and natural resources.

Policy Goals
As the secretariat for the political leadership, the Ministry’s objectives will be developed through the Government’s energy policy goals — as expressed, for instance, in relevant White Papers and Propositions (Bills) to the Norwegian Parliament (Storting). The level of expertise within the Ministry of Petroleum and Energy, combined with the strategic and practical alliances within the Norwegian Government, research organizations and the industry sector, provide the basis to continue to meet short and long-term goals and requirements related to national energy issues as well as cooperative efforts on the international level.

Ministry of Petroleum and Energy
Einar Gerhardsens plass 1
PO Box 8148 Dep
NO-0033 Oslo, Norway
Tel: + 47 22 24 90 90 (switch board)
Fax: +47 22 24 95 65
E-mail: Postmottak@oed.dep.no
Website: www.regjeringen.no/oed

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