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Sovereign Wealth Funds Briefing - Categorized | Investment

Independent Scotland could make early investment into an oil fund

Posted on 04 October 2013

The advice on the establishment of a stabilisation fund puts to rest any fears around oil price fluctuations impacting on future Scottish budgets. There is an unanswerable case for using a proportion of Scotland’s oil wealth to establish a long-term savings fund. As the working group has highlighted, of the world’s top 20 oil producers only the UK and Iraq do not operate some form of recognised sovereign wealth fund.
With more than half the wholesale value of North Sea oil and gas still to be extracted, there is an overwhelming case for the government of an independent Scotland to establish a long-term savings fund………………………………………..Full Article: Source


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