Norway increased its oil and gas revenues to approximately $140 billion in 2022. This is stated in a report released Monday by the kingdom’s statistics office.
“This is by far the highest figure in the history of statistical observations,” the report says.
According to the agency, the level of revenue from the sale of energy resources almost tripled the 2021 figures. At that time, the state’s revenue from oil and gas would be approximately 48 billion dollars. Record profits are recorded due to the extremely high energy prices caused by the conflict in Ukraine.
Earlier, European Commission (EC) President Ursula von der Leyen at a joint press conference with German Chancellor Olaf Scholz statedThat the European Union is freed from its dependence on gas and oil supplies from Russia. He explained. That Russia reduced its gas exports to Europe by 80% in eight months. With the joint efforts and intensive work of the countries, this deficiency has been eliminated. Von der Leyen noted that this was achieved with the help of the United States and Norway, which supplied liquefied and piped gas.