Sat, Nov 29, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

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


 Article link

This post was written by:

VRS - who has written 15276 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930