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Investment in Oil and Gas Sector and Energy Transition Commitments: Concerns of UAE Energy Minister

Al Marsad newspaper: The UAE Minister of Energy, Suhail Al Mazrouei, said that there must be continued investment in the oil and gas sector, in addition to energy transition commitments, noting that he is “concerned about only one thing, which is the lack of investments.”

In response to a question about the upcoming OPEC+ meeting, he said: “They will meet on Wednesday to discuss expectations,” and that “we can assure you that we are looking at demand very carefully because high demand is something we have seen this year.” According to CNN.

He added: “Growth this year exceeds what many expected a few years ago. We are talking about 2% growth in demand, and this is scary.”

2023-10-03 22:23:35
#UAE #Minister #Energy #reveals #frightening #matter #level #demand #year #oil #sector

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