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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.

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12y ago
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11y ago

Norway gets its energy from hydro electric power and Norway has 99% hydro power

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14y ago

We get the oil and gas from the bottom of the North Sea and soon the Norwegian sea.

We usaually don't use it, so we send it abroad to Holland, Denmark, UK and ect.

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14y ago

From under the sea

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12y ago

The North Sea.

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Q: Where does Norway get its oil?
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