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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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OPEC calls for $ 10 trillion in investment to meet demand

rocky
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OPEC calls for $ 10 trillion in investment to meet demand Empty OPEC calls for $ 10 trillion in investment to meet demand

Post by rocky Tue 20 Feb 2018, 9:17 am

OPEC calls for $ 10 trillion in investment to meet demand






2018/02/20 16:16


(Encyclopedia of this Day News | Iraq News ) - Direct Energy Minister said that the UAE 's oil industry needs investments worth $ 10 trillion by 2040, to offset the decline in crude exploration fields, and to meet the growing demand.

Suhail bin Mohammed al-Marzouqi, who is currently the head of OPEC, said Tuesday at the World Oil Week in London that investments must be increased as markets began to balance after years of oversupply, Reuters reported.

"This year there will be a balance between supply and demand," he said. "It is important to see some signs of investment in the sector."

He explained that there are 22 years separating us from the realization of the proposal of his investment plan, noting that it may take 5 years to resolve the matter and move to investment.

The OPEC agreement to cut production by the end of the year is still running at 1.8 million bpd.


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https://hathalyoum.net/articles/1486101-%D8%A3%D9%88%D8%A8%D9%83-%D8%AA%D8%AF%D8%B9%D9%88-%D9%84%D8%B6%D8%AE-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D8%A8%D9%8010-%D8%AA%D8%B1%D9%8A%D9%84%D9%8A%D9%88%D9%86%D8%A7%D8%AA-%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%84%D9%85%D9%88%D8%A7%D8%AC%D9%87%D8%A9-

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