Saudi Aramco Chief Executive Officer Amin Nasser speaks at the annual CERAWeek energy conference in Houston, Texas, U.S., March 6, 2018. REUTERS/Maria Caspani
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
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, Saudi Arabian Aramco Chief Executive Officer Amin Nasser said 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 .Nasser said that even with the growth of electric vehicles, the increased demand from petrochemical markets over the next two decades will necessitate additional investment and need for crude oil.
FOLLOW THIS ARTICLE