Petroleum Price Board Explained

The Petroleum Price Board (Petroleumsprisrådet) is a Norwegian government agency responsible for setting norm prices for petroleum produced on the Norwegian continental shelf. The Board has six permanent members, including four government-appointed independent experts and one representative each from the Ministry of Finance and the Ministry of Petroleum and Energy. The Board meets quarterly.[1]

References

  1. Web site: Regulations relating to norm price fixing - Norwegian Petroleum Directorate . Npd.no . 2008-09-17 . 2012-03-17.