MANAGING OIL AND GAS INDUSTRY: NORWEGIAN EXPERIENCE
The article addresses organization and functioning of the Norwegian system of governing the oil and gas branch, analyzed against its specific social and historical background. We demonstrate how the country has managed to create world class petroleum and service industries rapidly by attracting foreign investments on controlled terms and by pursuing efficient industrial, tax and R&D policies. The government lies in the core of this model, playing an active and multifaceted role as the subject of political will, the subsoil owner and a leading economic actor