Masters of oil fund reap rewards of excellent idea


“It obviously is a positive feature of our society that we have this room to manoeuvre, unlike a number of other countries, ” said Oystein Olsen (pic), the governor of Norges Bank, which manages the fund.

OSLO: In one of the world’s richest countries, the finance minister may soon need to break the spending record he just set.

For Jan Tore Sanner, the 55-year-old who’s been running Norway’s finances since January, that’s not really a problem thanks to a couple of choices his country made a while back.

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Norway , oil , fund , Oystein Olsen ,

   

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