The Volvo agreement – almost Volvoil
equinor.industriminne.no
The deal was done. Put simply, Norway was to pay about NOK 1 billion, Swedish carmaker Volvo was to become 40 per cent Norwegian, and Norway’s Oseberg field would end up 10 per cent Swedish. This agreement was reached between the Norwegian government and Volvo in May 1978 – but fell at the next hurdle.
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The original was posted on /r/todayilearned by /u/Outrageous-Elk-5392 on 2024-04-19 14:07:01.

Original Title: TIL Swedish car company Volvo turned down a deal that would see them sell 40% of their company for a share of Norwegian oil, that share is now worth 140-200 billion dollars, Volvo was sold in 2010 for less than 2 billion dollars