Sun, Jan 23, 2022
A A A
Welcome mteam
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Declining oil revenue could prompt Norway to tap into its $876 billion SWF

Posted on 05 August 2016

Norway’s state-owned oil and gas fields contributed 29% less to the government’s oil revenue in the first half from a year earlier, reflecting depressed prices, state-owned oil company Petoro AS said Thursday. Declining oil revenues mean Norway may have to tap into its $876 billion sovereign-wealth fund this year to cover its expenses.
The Norwegian government owns stakes in a large number of oil and gas assets on Norway’s continental shelf, in partnerships with companies such as Statoil ASA and Lundin Petroleum. The state ownership is managed by Petoro, which transfers most of its revenue to the government………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 19873 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
banner
January 2022
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31