Mon, Jul 28, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Market

Falkland oil claimed by Argentina sees Islanders join 1%: Energy

Posted on 28 March 2013

The Falklands’ first commercial oil discovery will make the islands in the South Atlantic rich, bringing the British territory of 2,563 people $10.5 billion in tax revenue over 25 years.
The discovery “will no doubt be transformational for the islands, increasing government revenue several times over,” Mineral Resources Minister Stephen Luxton said in an interview. “What we’re looking for in a sovereign wealth fund is long-term economic security, a second string to our financial bow to the fishery,” he said, referring to the territory’s commercial fishing business………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14466 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« Jun    
 123456
78910111213
14151617181920
21222324252627
28293031