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Norway Election Results and the Impact on Western Europe's Biggest Oil and Gas Producer

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Norway's election results and impact on oil and gas industry

Norway, the Scandinavian nation with an enviable sovereign wealth fund over $1.4 trillion thanks to its fossil fuel exports, has elected a Left-leaning government, policies of which can make a lasting impact on the very sector in the coming months.

Since both side of the political divide focused their attention on need of expanding the renewables in the run up to the elections, the newly elected government will not be able to wriggle out of the policy that is inextricably linked to Norway’s economy.

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