VOL. XLVII
No 10
08-March-2004
NORWAY
BUDGETS AND REVENUES
Norways Oil Fund Hits $118Bn In 2003
Norways Government Petroleum Fund, which receives the bulk of the countrys annual oil revenues, reached NOK845bn ($118.4bn) in 2003 on the back of record yields, the Norwegian Central Bank has announced. The fund was set up in 1990 and is invested mainly in international stock and bond markets (MEES, 1 December 2003). The return on the funds stock holdings was 22.8%, while bonds yielded 5.3%.
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!