Malaysian lawmaker wants Norway-style oil fund

A federal lawmaker urged Putrajaya today to set up a special oil fund for Malaysians like Norway’s pension fund, which recently ballooned to US$828.66 billion (RM2.7 trillion) and turned every Norwegian into theoretical norwayoilfundmillionaires.

PKR’s Lembah Pantai MP Nurul Izzah Anwar said most of the revenue from Malaysia’s national oil company Petronas should not continue to be spent, but be set aside for rainy days in the future like Norway’s oil fund.

Read more: The Malay Mail

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