Norský Vládní penzijní fond jako nástroj zahraniční politiky?

This thesis focuses on the Norwegian sovereign wealth fund, the Government Pension Fund, and its linkage to the Norwegian foreign policy. The Kingdom of Norway is usually presented as a role model of a Nordic welfare state. Nevertheless, nothing of this would be possible without oil discovery on the Norwegian offshore in 1969. This thesis debates about possible oil discovery impacts on Norwegian foreign policy throughout the time and tries to analyse and elaborate on major foreign policy challenges. It tries to define whether the Norwegian foreign policy followed Norwegian investment interests and shifted policy's direction since the establishment of the Government Pension or not. Furthermore, the Government Pension Fund -- Global is not intended to be used as a foreign policy instrument. However, some information indicates the contrary. Thesis attempts to answer the question from a wider perspective.