Norway

Norway records sharp drop in oil revenue The Norwegian oil fund, a long-term state investment policy funded by oil revenues experienced sharply negative returns in 2022, a year described by the central bank as “challenging’’. The fund…

Egypt and Norway have launched the first phase of a project to establish a major green hydrogen plant in Egypt’s Ain Sokhna on the Red Sea, with a capacity to produce 100MW. President Abdel-Fattah El-Sisi of Egypt and the Norwegian Prime…