Norwegian fund divests oil and gas firms

On the 10.03.19 at 8:24AM


Tuba Raqshan

Norway’s $1trn sovereign fund has announced that it will gradually phase out oil and gas companies engaging in upstream activities such as exploration and production, while retaining refiners and other downstream operators.

The Norwegian ministry of finance announced the Parliament’s decision to divest from these firms late on 1 October, to shield itself from falling oil prices in the future.

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