Poland is planning to pass laws similar to those that helped Norway build its sovereign wealth fund, said Economy Minister Waldemar Pawlak, Bloomberg reports. The Polish government is looking at Norway as a model to benefit from shale gas output.
Norway earns money for its $570 billion sovereign wealth fund from taxes on oil and gas, ownership of petroleum fields and dividends from its 67% ownership in Statoil. Poland has provided 87 licenses to companies, including Exxon Mobil, Chevron and Talisman Energy, to explore gas trapped in shale rocks.
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