Norway will not join the OPEC countries in reducing oil production.
Oil and Energy Minister Einar Steensnaes says there is no basis for a cut in Norwegian oil production at the moment.
The 10 OPEC member nations have announced that they will cut production by one million barrels a day, to 23.5 million barrels a day.
OPEC made their decision despite the fact that the price for oil has been record high this winter, up to US$ 34 a barrel.
It is expected that the price will remain at around US$ 30 a barrel for the rest of the year, NRK reports.