And Norway provides 2 licences for petrochemical, one for exploration, then if any find worth production, separate licence and joint venture with State as major partner. Everybody said transnationals wouldn’t stand for it but they did.

Australia is under-funded despite our immense wealth. Norway’s sovereign wealth fund shows the way, especially during a time of crisis.
— Read on www.michaelwest.com.au/australia-under-funded-despite-our-wealth/