Oil reserves eclipse Norway SWF assets

Norway's government on Thursday estimated that the value of assets held by the country's so-called oil fund are less than the estimated value of reserves in the country's continental shelf territory.

The budget estimates total assets in the petroleum industry at NOK4trn (€0.51trn), of which the state's share is about NOK3.5trn (€0.45trn).

This means that Norway still has more assets at the bottom of the sea than the value of foreign investments made through its sovereign wealth fund, the Pension