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In 2022, Norway accounted for 29% of energy production and 2% of energy consumption in OECD Europe (Table 1). After Russia''s full-scale invasion of Ukraine, Norway
The largest storage sites are located at Mongstad, Oslo and Slagen. The total storage capacity of oil storages in Norway is almost 6.3 million cubic metres combined, although part of that is for processing and blending of offshore crude, condensate and natural gas liquids production and do not serve domestic consumption. Organisation
Refining There is only one operational refinery left in Norway, Equinor's 230 000 barrels per day (bbl/d) Mongstad plant on the west coast. The refinery is part of a larger complex which includes processing of natural gas liquids, a crude oil terminal, a cogeneration plant and the world's largest technology centre for CO 2 capture from flue gas.
In Norway, oil transport infrastructure makes up a smaller part of the value chain than gas transport infrastructure. In many cases, oil is loaded directly onto tankers at the offshore fields (buoy-loading). For some of the larger field developments in Norway, it was considered more appropriate to build onshore oil terminals.
Norway is one of the most important providers of energy to Europe and has major opportunities to become a frontrunner in the sustainable energy transition by exporting renewable energy, commercializing CO 2 storage and NZE hydrocarbon production.
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