VOL. XLVI

No 44

3-November-2003

Middle East Oil Investment Of $500Bn Needed Over Next 30 Years, Says IEA

In the worlds first estimate of the entire energy industrys future investment needs, the International Energy Agency (IEA) says that a total of $3 trillion investment is required by the global oil and gas industry to keep pace with anticipated demand over the next 30 years, of which over $500bn is needed by the Middle East oil sector. The IEAs Deputy-Executive Director Ambassador William C...