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...Oil & Gas...Norway has during the last 30+ years become an important oil and gas supplier. The Norwegian oil reserves represent 1 percent of the World's total proven reserves. In 2005, Norway produced 2,4 million barrels of oil per day. Using only 5 percent of it's own production, Norway is the third largest oil exporter in the World. With regards to gas - Norway contributes to 2 percent of the World's gas production and is also one of the 5 largest gas producing nations. Read about "Norwegian Oil Production through 35 Years" and "Norway an Oil Nation" at the Ministry of Foreign Affairs. Most of the major oil companies have headquarters located in Stavanger, Norway. Read also about Peak Oil on Stavanger-Web
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