Energy industry needs investment to meet global demand: OPEC Chief
Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), has said that the energy industry needs considerable investment to meet rising global demand and ensure market stability as energy security concerns return to the fore.
He said the oil and gas industry, which will retain its share as a critical component of the energy mix, must transform and decarbonize operations, Xinhua news agency reported.
As COP28 comes up in Dubai later this year, “We at OPEC stand fully behind the UAE to bring on board everybody,” he said during the annual CERAWeek global energy forum in Houston.
