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Norway $700bn oil fund lifts investment bans on several firms

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By Muhammad Iqbal
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oilOSLO: Norway's government will no longer ban its $700 billion oil fund from investing in several companies after concluding a review of their operations, the Finance Ministry said on Friday.

 

The government lifted its investment ban on BAE Systems Plc , Finmeccanica S.p.A, and FMC Corporation .

 

It also took Germany's Siemens AG off its list of companies that could be excluded in the future after the company demonstrated zero tolerance to corruption, it said in a statement.

 

Copyright Reuters, 2010

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