Oil for Development
The Oil for Development (OfD) programme was launched by the Norwegian Government in 2005. The operative goal of the programme is "economically, environmentally and socially responsible management of petroleum resources which safeguards the needs of future generations".
With an increased focus on revenue management and environmental management, OfD represents a thematic broadening of the petroleum sector development assistance that Norway had provided since the early 1980s through an increased focus on revenue management and environmental management.
Principles of good governance, such as anti-corruption, transparency and accountability, are cross-cutting issues in all OfD assistance.
Translate petroleum into welfare
Petroleum plays an important role in an increasing number of developing countries. Oil and gas hold the promise of becoming vital resources for economic and social development. Unfortunately, in many cases it proves difficult to translate petroleum resources into welfare for the people. Hence, many developing countries, rich in natural resources, still score low on international development performance indices and are caught in the so-called "resource curse". Decades of experience in the oil and gas sector have given Norway valuable expertise on how to manage petroleum resources in a sustainable way.
OfD is a unique programme where Norway can make a real difference based on our experiences.