Norges Bank to assess phase out of E&P firms by September

On the 07.02.19 at 7:51AM


Tuba Raqshan

The Norwegian Ministry of Finance has given Norges Bank deadline of September 2019 to assess the execution of the phase-out of exploration and production companies from its €1trn Government Pension Fund Global (GPFG).

The letter recalled that on 12 June, the Storting endorsed the proposal for omitting exploration and production companies in the energy sector from the fund to reduce overall oil price risk in the Norwegian economy.

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