Norway wealth fund drops ONGC over South Sudan ties
newsare.net
September 4, 2021 (OSLO/JUBA) - Norway's $1.4 trillion wealth fund has excluded India's top oil producer Oil and Natural Gas Corporation (ONGC) from its portfolio due to concerns over the company's business dealings in South Sudan, the fund said in a statemenNorway wealth fund drops ONGC over South Sudan ties
September 4, 2021 (OSLO/JUBA) - Norway's $1.4 trillion wealth fund has excluded India's top oil producer Oil and Natural Gas Corporation (ONGC) from its portfolio due to concerns over the company's business dealings in South Sudan, the fund said in a statement. Exclusions are based on advice from the fund's ethics watchdog. For ONGC, the primary concern was over its participation in two joint ventures in oil-dependent South Sudan with local Nile Petroleum Corporation, the watchdog said. The (...) - News / South Sudan, India, FRONT_PAGE_SECONDARY Read more