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The government regards it as very important for the state to play a role as a substantial, long-term and stable owner in order to retain a Norwegian base for Statoil ASA.
Norway’s private sector has limited capacity to replace the state in capital-intensive and strategically-important state-owned companies.
In particular, petroleum and energy companies are of such a substantial size that an extensive sale of government holdings could not be replaced by Norwegian private-sector interests.
Last updated: 15.10.2013