EnergyWatch

Norwegian oil fund tied to military regime in Myanmar

A new report reveals that Norway's sovereign wealth fund might have indirectly financed the military junta in Myanmar.

Photo: Ntb Scanpix/Reuters/Ritzau Scanpix

Norway's Government Pension Fund Global (GPFG) is being connected via an Indian company to the military regime in Myanmar, which took control of the country in a coup d'état staged on Feb. 1, reports Norwegian media E24.

The company is a subsidiary of the Adani group: Adani Ports & Special Economic Zone Ltd., of which the oil fund owns shares worth roughly NOK 1.4bn (EUR 139m).

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