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Argentina’s oil rich Neuquen Province mulls sovereign wealth fund

Posted on 05 December 2012

Argentina’s Neuquen Province plans to set up a sovereign wealth fund to save some of the royalties it expects to reap from the development of its vast unconventional oil and gas resources. Neuquen Governor Jorge Sapag compared the plan to Norway’s decision to sock away the windfall revenues from oil and gas production in the North Sea.
“Forty years ago Norway was a very poor country,” Mr. Sapag said in an interview. “Like Norway, I think we can have a fund to offer … pensions. I’m not saying we’ll be as lucky as Norway, but we are putting together a similar model.”……………………………………..Full Article: Source


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