Royal Dutch Shell shut its Pernis refinery in Rotterdam, the largest in Europe, in late July following a fire.
OSLO: Norway’s US$1 trillion sovereign wealth fund proposed dumping about US$35bil in oil and gas stocks, including Royal Dutch Shell Plc and Exxon Mobil Corp, to protect the economy of western Europe’s biggest petroleum producer.
The nation would be “less vulnerable” to a drop in oil by not being invested in stocks of companies in the industry, the Oslo-based fund said.
