Norway doing well under low oil pricesAmbassador Aas describes $800 billion Sovereign Wealth Fund; Norway kept taxes on citizens, uses those to fund most public services TIM BRADNER For Petroleum News
How did Norway do it? This northern European nation is rich in oil and gas, like Alaska, and has its own version of a Permanent Fund. But despite the worldwide collapse in oil prices Norway is thriving today.
Its savings fund, which Norwegians call their Sovereign Wealth Fund, has a value of $800 b....
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Taxes on citizens kept in Norway Draw on fund limited Mainly offshore Technical capabilities developed
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