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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Norway debates overseas ventures after siege in Algeria

Posted on 28 January 2013

Oil and gas made Norway one of the world’s most advanced and prosperous countries in just a few decades. Now the deadly siege in Algeria has fired up a debate here over how far its petroleum companies, and their skilled workers, should go in the hunt for resources and profits.
While many European countries are struggling under growing debt burdens, Norway, thanks to its petroleum reserves, has a sovereign wealth fund with an estimated $700 billion to protect its future………………………………………..Full Article: Source


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