Norway Boosts Protection Against Unwanted M&A In Oil (wants to ban non-European ownership)

Oilprice.com ^ | 5/30/17 | Irina Slav

[Faith Presses On]

Norway’s government has proposed changes to oil and gas industry regulations in a bid to curb the possibility of non-European companies buying oil and gas assets in the country. According to Bloomberg, the non-European companies from which Norway is seeking to protect its oil and gas come from Russia.

[Timpanagos1]

It’s a good move for Norway as oil is such a large part of their economy and they should take measures to protect their industry.

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[Faith Presses On]

I thought it was interesting that it’s all right for them to think of their national security interests and restrict “non-European” companies in the process. Interesting too in light of the Clintons, uranium and Russia.

[MCF]

Norway is right in being concerned with Russia:
http://www.bbc.com/news/world-europe-39629819

[T-Bone Texan]

Oil is what allows that country to partake in socialism.

If not for the constant spigot of revenue coming in, it would not be feasible.