Strain in communication between ministry and Oil Fund in Norway

Norwegian business daily Dagens Næringsliv reports of strained communication between the owner and the manager of the Oil Fund. However, both parties officially play down the level of disagreement.
Photo: Jens Nørgaard Larsen/Ritzau Scanpix
Photo: Jens Nørgaard Larsen/Ritzau Scanpix
BY HELLA ANDERSEN

Internal minutes of a meeting with the Norwegian Ministry of Finance and Norges Bank demonstrate that the management of the state-owned Oil Fund does not always deliver what the Ministry – acting as owner of the fund - asks.

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