EnergyWatch

Norwegian sovereign wealth fund jettisons oil companies

Norway's government has decided to remove oil companies from the country's sovereign wealth fund, the world's largest investment fund. This is being done to reduce an overall oil price exposure to the national economy, says finance minister Siv Jensen.

Photo: Rune Kongsro

The Norwegian government is now acting to mitigate economic risk from a volatile oil price by removing numerous oil companies from the country's sovereign wealth fund, the world's largest investment fund, says the government in a press release Friday.

Specifically, upstream exploration and production oil companies will be excluded from the fund's investments to reduce national economic risk caused by oil price fluctuations.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs