Transparency - EITI

To promote the disclosure of flows of taxes and fees in the petroleum and mining industries, Norway has implemented the EITI standard. This was established by the Extractive Industries Transparency Initiative as a global standard to promote transparency about the revenues countries receive from the extraction of natural resources.
To promote the disclosure of flows of taxes and fees in the petroleum and mining industries, Norway has implemented the EITI standard. This was established by the Extractive Industries Transparency Initiative as a global standard to promote transparency about the revenues countries receive from the extraction of natural resources.

Transparent and accountable resource management

The objective with the EITI-standards is to improve governance of the extractive industries through disclosure and oversight of government revenues from oil, gas and mining companies. This should in turn result in better management of natural resources and enable citizens to hold their governments to account for how the revenues are used.

More than 50 countries are currently implementing the EITI standard. Norway was accepted as EITI compliant in March 2011, and was the first OECD country to implement the EITI standard. Norway is also the first country to mainstream EITI in government system and corporate reporting which mean Norway will no longer publish a separate EITI-report.  All relevant information is already available from other source, including www.norwegianpetroleum.no.  Further, Norway does not have an EITI specific stakeholder group.

For more information, see: Norway | EITI

EITI is an international initiative to promote transparency about the revenues countries receive from the extraction of natural resources

Net payments to the authorities in billion NOK, 2019 - 2023:

2019 2020 2021 2022 2023
236,6 94,6 277,5 1 249,1 899,8

(Source: The Norwegian Tax Administration, Petoro, The Norwegian Offshore Directorate)

The table below shows the cash flows reported by the Norwegian authorities received from offshore companies in 2023, in nominal billion NOK.

Please download data for further details on the composition of taxes and fees in the time period 2019 - 2023 (nominal values). Figures does not include dividends from direct state ownership in Equinor.

Net payments to the authorities in billion NOK, 2023

Updated: 19.12.2024

Source: The Norwegian Tax Administration, Petoro, The Norwegian Offshore Directorate

Print table Download data Net payments to the authorities in billion NOK, 2023

Net payments to the authorities in billion NOK, 2023

Environmental taxes in million NOK by fields, 2023

Updated: 19.12.2024

Source: The Norwegian Offshore Directorate

Print table Download data Environmental taxes in million NOK by fields, 2023

Environmental taxes in million NOK by fields, 2023

 

For Norwegian companies’ that have a duty to prepare annual accounts, information on payments to the government will appear in the company’s annual account. These are available on the company’s webpage and/or in the Brønnøysund Register Centre. Information on companies’ payments to the government shall be available on the companies’ webpages, in accordance with the Norwegian country-by-country-rules as laid down in the Act on Annual Accounts [regnskapsloven] § 3-3d and the Securities Trading Act [verdipapirhandelloven] § 5-5a with Regulation of the 20th of December 2013 no. 1682 on country-by-country-reporting (the CCB-regulations [LLR-forskriften, in Norwegian]). The report shall be published on the reporting entity’s webpage and shall be available for at least 5 years, cf. the CCB-regulations § 6. The annual statement of the company shall include information on where the report has been published, cf. the Act on Annual Accounts § 3‑3d first paragraph.

Updated: 19.12.2024