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Journal: International Journal of Civil Engineering and Technology (IJCIET) (Vol.8, No. 4)

Publication Date:

Authors : ;

Page : 535-542

Keywords : Norwegian oil model; Farouk Al-Kasim; Oil management; Statoil; Oil exploration; Technological innovation; Sustainable solutions.;

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After the discovery of oil in the Norwegian coast, many uncertainties were raised in the public administration and environmentalists but Farouk Al-Kasim came up with innovative ideas on how to handle the present and future of the oil industry. Farouk AlKasim is considered as one of the fathers of the Norwegian oil model; a rare example of good governance among the major oil-producing countries. The Norwegian model has to take accountability on first, the expertise of Farouk Al-Kasim, second, the state's institutional capacity and third, the political stability and government transparency. This article focuses on how Norway managerial structure could affect the state's economy, and refers to the oil market of Norway. It also shows how Norway success depends on its initial institutions and a package of innovative and sustainable strategies. The paper concludes that good governance has been affecting the economic and political equilibrium of Norway economy. This article describes how the policy and management decisions taken in the past have a great impact on the present and are expected to positively affect the future equilibrium of Norway.

Last modified: 2017-10-09 20:11:52