The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, predicted during an oil and gas conference in Nigeria, global energy demand to rise 23 percent by 2045.
"The global oil sector needs investments worth $12.1 trillion over the same period, but it is not on track to reach this level of investment."
He described calls to reduce or block financing for new oil projects as unwise and unrealistic, as the world needs all forms of energy to meet global demand.
Source (Al-Arabiya.net Website, Edited)
