Energy prices surged after the Ukraine war, with Norway earning record revenues from oil and gas.
According to Statistics Norway, oil and gas sales generated $140 billion in revenue.
This is Norway’s biggest revenue ever, bringing in three times as much revenue as in 2021.
It should be noted that in 2022, Russia reduced the supply of gas to Europe, after which Norway became the largest gas supplier to the continent.
Because of this extraordinary income, Norway is accused of war profiteering.
But Norway has pledged to give 7 billion 173 million dollars to Ukraine in the next 5 years.
Norway’s government generates revenue through revenues from companies that work on the country’s oil and gas reserves, in which the government also owns shares.
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