TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

So, Norway has unofficially joined Russia’s side in the ongoing energy war

Vikrant Thardak by Vikrant Thardak
July 5, 2022
in Geopolitics, Global Issues, Russia, West Asia
So, Norway has unofficially joined Russia’s side in the ongoing energy war
Share on FacebookShare on X

Norway, EU’s biggest oil producer nation, recently delivered great news to the Kremlin. A Trade Union in the country announced a shutdown of three fields in the North Sea, which would further stretch the already-throttled oil supplies of the continent. The Union has begun a nationwide strike on Tuesday and pressed the government to hike wages. Audun Ingvartsen, the leader of the Lederne trade union said in an interview, “The strike has begun.”

Norway union strike paralyzes oil output

The strike has so far impacted output at three fields, and is expected to expand to three more fields from midnight on Wednesday. On Wednesday, the seventh oil field is also expected to shut down. As per a worldometers report, Norway’s daily oil production hovers around 2 million barrels. Once these seven oil fields are taken offline, Norway’s daily production is expected to fall by 230,000 barrels.

Also Read

Putin Deploys Four Nuclear Bombers Near ‘Europe’ Following Trump’s Submarine Threat

Germany Deploys Fighter Jets to Poland for the first time amid Russia-Belarus Joint Military Exercises. NATO affirmed unity against the Kremlin? 

While EU Sanctions BRICS Nations, Russian Pipeline Gas Exports to Europe Surge 37% in July

This comes as experts see no relief in sight. Members of the trade union on Thursday voted down a proposed wage agreement that had been negotiated by companies and union leaders, throwing spanner in the works of the government to bring production levels back to normalcy. The workers demand their salary should be hiked in accordance with soaring inflation and burgeoning cost of living.

EU’s dependence on Russia to increase

This sudden declaration by Norwegian union workers to shut down seven oil fields has severely jeopardized Europe’s oil supplies. Under the sixth package of sanctions adopted by EU on June 3, the EU has imposed an embargo on Russian oil and has vowed to phase it out by February 5, 2023. However, given Europe’s heavy dependent on Russian oil, it’s hard to wean the continent from Russian energy. Even big European nations like Poland, Germany, France and Greece are dependent on Russia for as much as 40 to 60% of their oil imports.

Norway implements drastic output cut amid oil market collapse | Upstream Online
Source- Upstream online

So, the move by Norwegian oil workers to shut down the operations will further drive the inflation northward, which will end up pouring extra coins into Russia’s already-overflowing coffers. This is like a double booster shot for the Russian oil industry, where not only it would get to sell more oil to Europe but that too at even higher prices. Mind the fact that Russian oil and gas revenue is already soaring.

A boon for Russia

The International Energy Agency estimated that in the first four months of this year, Russia’s oil export revenue rose by 50 percent over the previous year, with crude oil and products generating about $20 billion per month. Apart from the increased revenue, the development in Norway will also magnify Russia’s energy leverage against Europe and complicate the peace process in Ukraine even further.

So, the news of oil fields going offline in Norway has come as music to Vladimir Putin’s ears. Russia has already strangulated Europe by engineering oil blockades in other oil producing nations like Libya and Algeria. In Libya, general Haftar-backed government of PM Fathi Bashagha has already denied oil supplies to Europe. Algeria has also declared it will sell oil to Europe at premium charges. And now, Norway, Europe’s own oil producing nation, seems to be joining the ranks of these pro-Russia nations.

Tags: EuropeLibyaNorwayShort takesVladimir Putin
ShareTweetSend
Vikrant Thardak

Vikrant Thardak

I see truth

Also Read

PM Modi’s China Visit: What It Means for India, China, Russia, NATO, BRICS, and Trump’s Global Standoff

 PM Modi to Visit China for SCO, First since 2020 Border clash: Trump Pushes India into Russia-China Arms? Can Putin succeed in reviving RIC to counter NATO? 

August 6, 2025
Hungarian PM Orbán Says ‘U.S. President is Not Strong Enough’ To End the War in Ukraine

Hungarian PM Orbán Says ‘U.S. President is Not Strong Enough’ To End the War in Ukraine

August 6, 2025
Trump’s US ambassador to NATO, “Putin is sick, twisted and illogical, now we will sanction his allies” takes aim at India, China and Brazil

Trump’s US ambassador to NATO, “Putin is sick, twisted and illogical, now we will sanction his allies” takes aim at India, China and Brazil

August 6, 2025
Putin Meets U.S. Envoy Steve Witkoff in Moscow as Trump’s Ukraine Deadline Looms

Putin Meets U.S. Envoy Steve Witkoff in Moscow as Trump’s Ukraine Deadline nears. Will Russia accept Trump’s NATO ceasefire rules? 

August 6, 2025
Putin Deploys Four Nuclear Bombers Near ‘Europe’ Following Trump’s Submarine Threat

Putin Deploys Four Nuclear Bombers Near ‘Europe’ Following Trump’s Submarine Threat

August 6, 2025
India shuns Trump’s threats as its NSA lands in Russia to fast track S-400 and oil deals, BRICS faces off against NATO?

India shuns Trump’s threats as its NSA lands in Russia to fast track S-400 and oil deals, BRICS faces off against NATO?

August 6, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.