COUNTRY OVERVIEW
Head of State: King Harald V
Prime Minister: Kjell Magne Bondevik (since October 2001)
Independence: October 26, 1905 (from Sweden)
Population (2001E): 4.5 million
Location/Size: Northern Europe, bordering the North Sea and the North Atlantic Ocean, west of Sweden/123,843 square miles (slightly larger than New Mexico)
Capital City: Oslo
Language: Norwegian (small Lapp- and Finnish-speaking minorities)
Ethnic Groups: Germanic (Nordic, Alpine, Baltic), Lapps (Sami) 20,000
Religions: Evangelical Lutheran 87.8% (state church), other Protestant and Roman Catholic 3.8%, none 3.2%, unknown 5.2%
Defense (8/98): Army, 28,900; Navy, 6,100; Air Force, 6,700 (including 16,500 conscripts)

ECONOMIC OVERVIEW
Finance Minister: Per-Kristian Foss
Minister of Trade and Industry: Ansgar Gabrielsen
Currency: Norwegian Krone (NKr)
Exchange Rate (9/09/02): 1 US Dollar = 7.52 Kroner
Gross Domestic Product (GDP, 2001E): $163.7 billion
Real GDP Growth Rate (2001E): 1.4% (2002F): 2.3%
Inflation Rate (consumer prices, 2001E): 3.0% (2002F): 1.5%
Unemployment Rate (2001E): 3.6% (2002F): 4%
Merchandise Exports (2001E): $58.6 billion
Merchandise Imports (2001E): $33.6 billion
Merchandise Trade Surplus (2001E): $25 billion
Major Trading Partners:UK, Germany, Sweden, Denmark, United States, other EU members
Major Exports: Fuels and other energy products; food and beverages; manufactured materials
Major Imports: Machinery and transport equipment, miscellaneous manufactures, food, beverages, and tobacco

ENERGY PROFILE
Minister of Petroleum and Energy: Einar Steensnaes
Proven Oil Reserves (1/1/02E): 9.4 billion barrels
Oil Production (2001E): 3.4 million barrels per day (bbl/d), of which 3.1 million bbl/d was crude oil
Oil Consumption (2001E): 0.2 million bbl/d
Net Oil Exports (2001E): 3.3 million bbl/d
Crude Oil Refining Capacity (1/1/02E): 310,000 bbl/d
Natural Gas Reserves (1/1/02E): 44 trillion cubic feet (Tcf)
Natural Gas Production (2000E): 1.81 Tcf
Natural Gas Consumption (2000E): 0.087 Tcf
Net Natural Gas Exports (2000E): 1.7 Tcf
Electrical Generation Capacity (1/1/00E): 27.2 gigawatts
Electricity Generation (2000E): 141 billion kilowatthours (bkwh)
Electricity Consumption (2000E): 112 bkwh
Recoverable Coal Reserves (12/31/99E): 1 million short tons (Mmst)
Coal Production (2000E): 0.55 Mmst
Coal Consumption (2000E): 1.57 Mmst
Major Systems: Statfjord, Oseberg, Gullfaks, Ekofisk
Major Companies: BP, ConocoPhillips, ExxonMobil, TotalFinaElf, Norsk Hydro, Shell, Statoil, Chevron, Petoro

ENVIRONMENTAL OVERVIEW
Minister of Environment: Borge Brende
Total Energy Consumption (2000E): 1.8 quadrillion Btu* (0.5% of world total energy consumption)
Energy-Related Carbon Emissions (2000E): 10.3 million metric tons of carbon (0.2% of world total carbon emissions)
Per Capita Energy Consumption (2000E): 399.6 million Btu (vs. U.S. value of 348.9 million Btu)
Per Capita Carbon Emissions (2000E): 2.3 metric tons of carbon (vs. U.S. value of 5.7 metric tons of carbon)
Energy Intensity (2000E): 10,619 Btu/$1995 (vs U.S. value of 10,390 Btu/$1996)**
Carbon Intensity (2000E): 0.06 metric tons of carbon/thousand $1995 (vs U.S. value of 0.17 metric tons/thousand $1996)**
Sectoral Share of Energy Consumption (1998E): Industrial (52.1%), Residential (21.7%), Transportation (13.1%), Commercial (13.1%)
Sectoral Share of Carbon Emissions (1998E): Industrial (57.0%), Transportation (37.9%), Residential (2.6%), Commercial (2.5%)
Fuel Share of Energy Consumption (2000E): Oil (21.9%), Natural Gas (5.3%), Coal (2.2%)
Fuel Share of Carbon Emissions (2000E): Oil (72.7.1%), Natural Gas (16.7%), Coal (10.6%)
Renewable Energy Consumption (1998E): 1,248 trillion Btu* (5% increase from 1997)
Number of People per Motor Vehicle (1998): 2.0 (vs. U.S. value of 1.3)
Status in Climate Change Negotiations: Annex I country under the United Nations Framework Convention on Climate Change (July 9th, 1993). Signatory to the Kyoto Protocol (signed April 29th, 1998- not yet ratified). Under the Protocol, Norway has agreed to a 1% increase from 1990 emissions levels of a basket of greenhouse gases.
Major Environmental Issues: Water pollution; acid rain damaging forests and adversely affecting lakes, threatening fish stocks; air pollution from vehicle emissions.
Major International Environmental Agreements: A party to Conventions on Air Pollution, Air Pollution-Nitrogen Oxides, Air Pollution-Sulphur 85, Air Pollution-Sulphur 94, Air Pollution-Volatile Organic Compounds, Antarctic-Environmental Protocol, Antarctic Treaty, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Hazardous Wastes, Law of the Sea, Marine Dumping, Nuclear Test Ban, Ozone Layer Protection, Ship Pollution, Tropical Timber 83, Tropical Timber 94, Wetlands and Whaling. Has signed, but not ratified: Air Pollution-Persistent Organic Pollutants.

* The total energy consumption statistic includes petroleum, dry natural gas, coal, net hydro, nuclear, geothermal, solar, wind, wood and waste electric power. The renewable energy consumption statistic is based on International Energy Agency (IEA) data and includes hydropower, solar, wind, tide, geothermal, solid biomass and animal products, biomass gas and liquids, industrial and municipal wastes. Sectoral shares of energy consumption and carbon emissions are also based on IEA data.
**GDP based on EIA International Energy Annual 2000

Sources for this report include: CIA Factbook; ConocoPhillips; Economist Intelligence Unit; Energy Information Adminstration; Eni; Financial Times; Gassco; Global Insight; Hart's European Petroleum Finance Week; International Energy Agency; International Monetary Fund (IMF); Marathon; Nordel; Norsk Hydro; Norwegian Ministry of Oil and Energy, Norwegian Petroleum Directorate; Oil Daily; Petroleum Economist, Petroleum Intelligence Weekly, Platt's Oilgram News; Reuters; Statistics Norway; Statoil; World Gas Intelligence; World Markets Energy.