VOL. XXXIV
NO. 20
18-FEBRUARY-1991
Supply/Demand
CGES Study Estimates $70bn Investment Requirement for 5mn b/d Net Increase in Gulf Production Capacity
To increase production capacity in the Gulf region by a net 5mn b/d over a five-year period would require an investment of around $70bn, of which $20bn would be needed to develop new capacity and $50bn just to maintain current capacity levels. This is the conclusion of a substantial study on the cost of additional oil production capacity...
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