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.

51 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 Noray will no longer publish a separate EITI-report.  All relevant information is already available from other source, including www.norwegianpetroleum.no.  Further, we will not have an EITI specific stakeholder group.

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, 2015-2017

2015 2016 2017
203,796227 113,502845 158,333775

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

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The table below shows the cash flows reported by the Norwegian authorities received from offshore companies in 2015-2017, in billion NOK.

Please download data for further details on the composition of taxes and environmental taxes in the time period.

Net payments to the authorities in billion NOK, 2015-2017

Updated: 23.10.2018

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

Print table Download data Net payments to the authorities in billion NOK, 2015-2017

Net payments to the authorities in billion NOK, 2015-2017

 

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. 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.

Updated: 14.03.2019