Investment director charged with insider trading in Noreco

The Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime has charged a director for so-called frontrunning in the Norwegian oil company.

Noreco sold its last physical asset Monday night, namely the ownership stake in the British Huntington field. This does not mean, however, that the Norwegian oil company is ready to shut its doors and throw away the key, because Noreco still has a large compensation claim related to the company's sale of its stake in the Danish Siri field to Dong in 2013. Now, a new compensation case has been opened this Tuesday, which indirectly involves the oil company.

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