Global oil sector needs $20 trillion investments over 25 years: Saudi Aramco CEO

ArticleEnergyMarch 7, 2018 - 3:54:41 AM

The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fileds.

The global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields, s Chief Executive Officer Amin Nasser said on Tuesday.

Speaking at the CERAWeek conference in Houston, Nasser said the industry has already lost $1 trillion of investments since the oil price downturn from 2014 to 2016...

Source:cnbc.com

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