]]
is a
Norwegian Petroleum company established in
1972 . It is now not only the largest company in Norway but also the largest in the
Nordic Countries . While Statoil is listed on both the
Oslo Stock Exchange and the
NYSE , the Norwegian state still holds majority ownership. The main office is located in Norway's oil capital
Stavanger . The name Statoil is a truncated form of ''the State's oil''.
Statoil is one of the largest net sellers of
Crude Oil in the world, and a major supplier of
Natural Gas to the
Europe an continent, Statoil also operates around 2000
Service Stations in 9 countries. The company's
CEO from mid-
2004 onwards is
Helge Lund , formerly CEO of
Aker Kværner .
Statoil are part-involved in a controversial project to pipe gas on-shore from the
Corrib Gas Field off the
Irish coast.
]]
