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Norway: Oil-industry competition investigated

By  |  July 20, 2016

Norway’s competition watchdog will look into whether competition rules are being infringed in the country’s oil industry, the industry ministry said on Wednesday.

The ministry has asked the competition authority to provide a “general description” of competitive conditions for oil companies and their suppliers to answer a question from a member of parliament, it said.

The question from the lawmaker is whether state-owned oil company Statoil, which is responsible for 60% of Norway’s oil and gas output, misuses its dominant position over suppliers, the ministry said.

“It is natural to prepare a political discussion about competition conditions on the Norwegian continental shelf on a good factual basis, both on the competition situation and whether us politicians can, or should, do something about it,” Industry Minister Monica Maeland said in a statement.

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