Looking for a specific product?

Make a search for products & suppliers, articles & news.

Oil Fund soon worth NOK 3000 billion

The Norwegian Government Pension Fund - Global, often called the National Oil Fund, will later this fall or by the end of the year be worth an estimated NOK 3000 billon, Aftenposten reports.

Last Monday the Fund was worth NOK 2910 billion, or NOK 590,000 for each Norwegian.

- It is just like a dream, says Finance Minister Sigbjørn Johnsen to the newspaper.

He says the Fund has surpassed all expectations at the beginning, in 1996. He was also finance minister at that time, and responsible for the first depsit of NOK of NOK 2 billion.

Related news

Latest news

New partners in sensors and geothermal

Associate Professor Mona Mihailescu from University Politehnica of Bucharest, Romania visited CMR. She is also due to visit Iceland where her other partner in green energy is situated.

Resolutuions at Semcon's annual general meeting 2017

Semcon’s Annual General Meeting (AGM) was held on Wednesday April 26,

DNV GL launches new PSC Planner application

Classification society DNV GL has launched a new application on its My DNV GL portal

300 solutions that will change the world

Global Opportunity Explorer launch

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,