Iceland President to Invest Potential Oil Bonanza in Wealth Fund

futures-markets,commodity-futures,wealth,megacity

Iceland

Wealth

London

Markets

Great Britain

Energy

Europe

Norway

Megacity

Futures Markets

Commodity Futures

United Kingdom

Iceland plans to set up national wealth fund to safeguard revenue from potential oil discoveries as it opens up the nation to exploration, President Olafur R. Grimsson told Bloomberg’s Eduard Gismatullin in interview in London this week. Faroe Petroleum, Valiant Petroleum and Petoro AS will be first foreign explorers to search Icelandic waters for oil, gas

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