For Free Headlines Submit Your Email
Thursday, February 13, 2025 6:33 GMT
The oil sector will need substantial investments to reliably meet the expected growth in demand, with cumulative investment requirements estimated at US$17.4 trillion between 2024 and 2050, or approximately US$640 billion annually, said Haitham Al Ghais, Secretary-General of OPEC. In statements to the Emirates News Agency (WAM) during the World Governments Summit (WGS) 2025, Al Ghais highlighted that the exploration and production sectors will absorb the largest share of investments in the oil...More