Is Norway's oil resources state-owned

Norway is a highly developed industrialized country and one of the top ten economies in Europe. Since 1990s, Norway has gradually become a new oil and gas producer. According to the latest data of BP, Norway has 6.9 billion barrels of crude oil and 2. 1 trillion cubic meters of natural gas.

Oil makes Norway more distinctive than other Nordic countries, but it is in a corner of Europe. In the 1970s, the state-owned capital operation mode was chosen when the neighboring countries favored the free market. Norway's state-owned holding operation began with the development of the oil industry.