Tech stocks lead oil fund to announce record year

”Despite high inflation and geopolitical turmoil, the equity market in 2023 was very strong, compared to a weak year in 2022,” says CEO Nicolai Tangen.
Nicolai Tangen is the CEO Norges Bank Investment Management, which oversees the investments of the so called oil fund. | Photo: NBIM / PR
Nicolai Tangen is the CEO Norges Bank Investment Management, which oversees the investments of the so called oil fund. | Photo: NBIM / PR

2023 was a record year for Norway’s oil fund and ended up being much better than expected a year ago, say its CEO Nicolai Tangen and Deputy CEO Trond Grande. 

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