. “The oil industry will be at COP and we will be there,” Al Ghais said at an energy event in Fujairah, in the United Arab Emirates UAE, as carried by Reuters.
’s secretary general will also attend the climate summit, he said. “I hope all voices will be at the table at COP28,” Al Ghais said. COP28 President-Designate is Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology of the United Arab Emirates UAE, and group CEO of the Abu Dhabi National Oil Company ADNOC, one of the biggest national oil companies.
’s Al Ghais, for his part, wrote in ’s annual World Oil Outlook published this week that “Calls to stop investments in new oil projects are misguided and could lead to energy and economic chaos.” “History is replete with numerous examples of turmoil that should serve as a warning for what occurs when policymakers fail to acknowledge energy’s interwoven complexities,” Al Ghais noted.
said in the report, in which it also raised its long-term oil demand forecast to 116 million bpd in 2045, up by 6 million bpd from the demand for that year expected in the 2022 outlook. By Charles Kennedy for Oilprice.com
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