Trade unions in Statoil has advocated that estimated shareholders dividend should be reduced from 24 billion NOK (€ 2, 85 billion) to 12 billion NOK (€ 1, 42 billion) to increase job security in the company. At Statoil’s general meeting on Tuesday, the shareholders decided otherwise and the proposal was dismissed (including the majority shareholder, the Norwegian government, which voted for maintaining existing dividend levels). - Statoil is gambling on oil prices to rise, oil analyst at Christian Yggeseth in Arctic Securities, says. Yggeseth estimates that Statoil will need to borrow 50 billion NOK (€ 5, 92 billion) over the next two years to maintain its current dividend policy. However, he does not believe that Statoil employees should worry about losing their jobs because the dividend level remains the same.