Your solution to legal problems
Banner
Banner

The Norwegian Oil Fund worth NOK 5000 billion

The Norwegian Government Pension Fund Global, also known as the National Oil Fund has now reached the value of NOK 5000 billion, or USD 818 billion. This was announced Monday, 17 years after the Finance Department deposited the first NOK two billion in the Fund in 1996.

 

The Fund's value passed NOK 2000 billion in October 2007 and NOK 3000 billion in 2010. The value passed NOK 4000 billion in February this year.

Norges Bank Investment Management (NBIM) manages the Norwegian Government Pension Fund Global. NBIM manages the fund on behalf of the Ministry of Finance, which owns the fund on behalf of the Norwegian people. The ministry determines the fund’s investment strategy, following advice from among others NBIM and discussions in Parliament.

The ministry regularly transfers petroleum revenue to the fund. The capital is invested abroad, to avoid overheating the Norwegian economy and to shield it from the effects of oil price fluctuations.

The fund invests in international equity and fixed-income markets and real estate. The aim is to have a diversified investment mix that will give the highest possible risk-adjusted return within the guidelines set by the ministry.

(NRK/Press release)


62 Degrees North

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/612298Web_0074_hm_567x378_72.jpg

Sea Safari

Let the adrenalin flow during our exiting sea safari in an open rapid RIB boat. Discover Ålesund from the sea. Visit seal colonies and experience puffins and eagles at the See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/979953Web_Brosundet_lighthouse_room_49.jpg

Brosundet Lighthouse

Hotel Brosundet is small and intimate with only 47 rooms. The jewel in our treasury-box is Room 47. Only a few minutes walk from the hotel lies the old and See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/489969Web_DSC_4757.jpg

Storfjord Hotel

Storfjord Hotel is a secluded luxury hotel situated in Øvre Glomset, 30 km east of Ålesund, on a hillside overlooking the Storfjord and the Sunnmøre Alps. Ever since it opened See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/971299Web_Kajakk_Brosundet.jpg

Kayaking in Brosundet

A surprisingly large number of Norway’s most stunning natural attractions are concentrated around 62 degrees north latitude. Our company, 62˚Nord is a local company, with the intimate local knowledge necessary See details

http://www.norwaypost.no/components/com_gk3_photoslide/thumbs_big/739979Web_640__Somerruter_Foto_RasmusKongs__re.jpg

Summer Trip

Join a tour with a comfortable sightseeing boat to the wild and majestic Hjørundfjord, with stunning views of mountains and fjords at their most spectacular! The meeting between the torn See details

Local News in Brief

Social Networking

WHAT's YOUR OPINION

Should Norway apply for the 2022 Winter Olympics ?

2012 Norsk Polarinstitutt

.Partners

Munch 150 years
Help to solve legal problems ?
Help to solve legal problems ?
Norsk Romsenter
62 degrees north