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OPEC announces reduction of investment in oil production
Energy
- 08 March, 2023
- 05:54
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The fall in investment in global oil production is estimated at $500 billion a year, OPEC Secretary General Haitham Al Ghais at the international energy conference CERAWeek in Houston, Texas, Report informs.
"We are seeing a significant decline in investment in the oil sector," he admitted.
He noted that against the backdrop of such a reduction in investment, there are concerns in the field of energy security and energy availability.
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