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Opec optimistic on demand, calls for more oil and gas investment

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ABU DHABI, Oct 2 — Opec is optimistic on demand and sees under-investment as a risk to energy security, Secretary General Haitham Al Ghais said today at an energy industry...

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He stressed the importance of continued investment in the oil and gas industry and said he sees calls to stop investing in oil as counterproductive. The call was echoed by United Arab Emirates’ energy minister Suhail al-Mazrouei, who said investment by both international and national oil companies was needed.

 

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