November 8, 2015 0
Abdullah al-Badri Secretary General of the Organization of Petroleum Exporting said that despite the blurry vision of the current members of the organization are prepared to do the necessary to meet the world's energy needs in the future investments.
Badri said in remarks published by the International Energy Forum site that "wave cancellation of projects and postponed the sector is clear evidence that price volatility and its impact on investments they may sow the seeds of instability in the future."
Secretary-General of the organization said that rising Asian demand for oil is expected to about 46 million barrels a day by 2040, an increase of about 16 million barrels per day from 2015.
"The oil-related investment requirements estimated ten trillion dollars between now and 2040".
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