Middle East Economic Survey
VOL. XLVIII
No 39
26-September-2005
IMF Warns Of Insufficient Investment In Expanding Oil Production Capacity
The IMF has warned in its September 2005 World Economic Outlook that investment in the worlds upstream oil sectors is too low to ease oil prices in the medium term. While smaller oil companies and some oil exporters have boosted investment in expanding oil production capacity, major international oil companies (IOCs) and national oil companies (NOCs) have...
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