1. Einar Steensnaes The Oslo Center for Peace and Human Rights IDEA Annual Democracy Forum Gaborone, Botswana 24-25 November 2014

3. Norway – a major oil&gas producer

4. Legislation Taxation Security Safety Environment Climate Cessation

5. Public-private partnership The Norwegian experience: A well balanced cooperation with private sector

6. Public-private partnership The Norwegian experience: A well balanced cooperation with private sector 1. 1965-1972:

7. Public-private partnership The Norwegian experience: A well balanced cooperation with private sector 1. 1965-1972: 2. 1972-1993: (50 pct) + (50 pct)

8. Public-private partnership The Norwegian experience: A well balanced cooperation with private sector 1. 1965-1972: 2. 1972-1993: (50 pct) + (50 pct) 1993-2001: (Flexible shares) +

9. Public-private partnership The Norwegian experience: A well balanced cooperation with private sector 1. 1965-1972: 2. 1972-1993: (50 pct) + (50 pct) 3. 1993-2001: (Flexible shares) + 4. 2001- : partly privatised + 67 pct 100 pct

10. Licencing system in Norway Oil Companies vs the Government 100 % 0 % Company activities Government activities Exploration DevelopmentProduction

11. A fair distribution between citizens – Transparency – Improving living conditions for all A fair distribution between generations – Avoid overspending & overheating of economy – Apply good governance – Take into consideration environment and climate

12. Established in 1990 Manager: The Norwegian Central Bank Investments in non-Norwegian financial instruments (equities, bonds, money market instruments) and real estate 46 developed and emerging markets

13. Norway

14. National Insurance liabilities for retirement pensions ~900 bill USD

15. The Global fund – flow of capital State Budget Fund Revenues Expenditures

16. State Budget Fund 680 bill USD Return on investments Revenues Expenditures 195 bill USD Petroleum revenues 63 bill USD 168 bill USD ?

17. The transfer of money from the Fund, should not exceed 4 pct of the Fund’s capital annually

18. State Budget Fund 610 bill USD Return on investments Revenues Expenditures 168 bill USD Petroleum revenues 63 bill USD 4% ~ 24 bill USD 144 bill USD

19. GOOD GOVERNANCE PRINCIPLES ACCOUNTABILITYRULE OF LAWTRANSPARENCYINCLUSIONIMPARTIALITYSUSTAINABILITY

20. The Oslo Center