Sovereign fund to keep oil shares

THE Norwegian government HAS said its $1 trillion asset manager – the world's biggest sovereign fund – will sell its stake in oil and gas explorers and producers but will continue to invest in energy companies that have refineries and are engaged in distribution and retail sales of oil and gas products.

Sovereign fund to keep oil shares

Sovereign fund to keep oil shares

Sovereign fund to keep oil shares

Sovereign fund to keep oil shares

Sovereign fund to keep oil shares

12 March 2019
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Deutsche Welle news service reports that the announcement means the fund will remain invested in the big oil companies such as Shell, BP, Total and ExxonMobil, in which it owns substantial stakes.

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