The Government Pension Fund of Norway

The Government Pension Fund of Norway is a sovereign wealth fund based in Oslo, Norway. The Pension Fund consists of two parts, namely "The Government Pension Fund Global", which is a continuation of the Petroleum Fund, and "The Government Pension Fund Norway", which was previously known as the National Insurance Scheme Fund. The revenues in the Government Pension Fund Global consist of the Government's total income from petroleum activities and the return on the Fund's investments. The Ministry of Finance is responsible for the management of the Fund. The operational management of the Government Pension Fund Global is delegated to Norges Bank. The operational management of the Government Pension Fund Norway is delegated to the National Insurance Scheme Fund. The management is carried out in accordance with regulations laid down by the Ministry of Finance. It is a Sovereign Wealth Fund.