Norway’s $1.9 Trillion Oil Fund Cuts Stakes in Energy Supermajors ...Middle East

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Norway’s $1.9 Trillion Oil Fund Cuts Stakes in Energy Supermajors
source : OILPRICE ( Middle East ) () 73
The world’s biggest sovereign wealth fund, Norway’s $1.9 trillion oil fund, cut its equity stakes in the biggest international oil and gas companies in the first half of the year as oil prices fell.    Government Pension Fund Global, which is commonly referred to as ‘Norway’s oil fund’ because it was created with oil and gas revenues, is a shareholder in many large companies in the world, including Big Oil.  Government Pension Fund Global, as the Norwegian fund is officially known, trimmed its stake…

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