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

Will Poland create a SWF?

Posted on 23 June 2011

Waldemar PawlakPoland hopes to benefit from prospective shale gas output and may pass laws similar to those that helped Norway build its sovereign wealth fund, Economy Minister Waldemar Pawlak said. “In Norway oil and gas deposits allowed it to create funds that accumulate money for the future,” Pawlak said. “We will also need this type of solution.”
Norway, a nation of 4.9 million people, generates money for its $570 billion sovereign wealth fund from taxes on oil and gas, ownership of petroleum fields and dividends from its 67 percent stake in Statoil ASA, the country’s largest energy company………………………………………..Full Article: Source


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