The Petroleum Price Board (''Petroleumsprisrådet'') is a Norwegian

government agency A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an administrati ...

responsible for setting norm prices for

petroleum Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude ...

produced on the

Norwegian continental shelf The Norwegian continental shelf ( no, Den norske kontinentalsokkelen) (abbreviated as NCS) is the continental shelf over which Norway exercises sovereign rights as defined by the United Nations Convention on the Law of the Sea. The area of the ...

. The Board has six permanent members, including four government-appointed independent experts and one representative each from the

Ministry of Finance A ministry of finance is a part of the government in most countries that is responsible for matters related to the finance. Lists of current ministries of finance Named "Ministry" * Ministry of Finance (Afghanistan) * Ministry of Finance and ...

and the

Ministry of Petroleum and Energy The Royal Norwegian Ministry of Petroleum and Energy ( no, Olje- og energidepartementet) is a Norwegian ministry responsible for energy, including petroleum and natural gas production in the North Sea. It is led by Minister of Petroleum and Ener ...

. The Board meets quarterly.

References

Government agencies of Norway Energy in Norway Petroleum economics {{Norway-gov-stub