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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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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.
Note: The content called "OPEC" calls for investments of $ 10 trillion to meet the demand (published first on the site (a live site) and does not bear the Encyclopedia of this day content in any way.
You can see the details of this address ("OPEC" calls for investments of $ 10 trillion to meet the demand) through the original source any site (live site).
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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