Oil reserves eclipse Norway SWF assets
Norway's government on Thursday estimated that the value of assets held by the country's so-called oil fund are less than the estimated value of reserves in the country's continental shelf territory.
The budget estimates total assets in the petroleum industry at NOK4trn (€0.51trn), of which the state's share is about NOK3.5trn (€0.45trn).
This means that Norway still has more assets at the bottom of the sea than the value of foreign investments made through its sovereign wealth fund, the Pension
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