Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), bought shares of Norwegian oil and gas producer Equinor on the Oslo Stock Exchange last week, sources familiar with the matter told Energy Intelligence. The purchase — worth around 2 billion Norwegian kroner ($195 million) — appears to be an opportunistic move by the PIF, which bought Equinor’s shares at a 10-year low of around $12 a share.
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