OPEC Secretary General: oil needs $18.2 trillion by 2050 to secure our energy future
In an exclusive interview with Energy Connects at the OPEC Secretariat in Vienna, His Excellency Haitham Al Ghais, OPEC Secretary General, spoke to Chiranjib Sengupta about the latest insights from the World Oil Outlook, the critical need for $18.2 trillion investments in oil & gas by 2050 and why oil & gas are not the villains of energy transition but the essential pillars of a stable and secure energy future. Speaking on the occasion of the 9th OPEC International Seminar, His Excellency highlighted how energy demand will increase 23% by 2050 and oil demand reach 123 million barrels a day by that period. His Excellency also shared his perspectives on the decade-long journey of OPEC+ , staying united and cohesive to achieve market balance and stability for both producers and consumers and how oil & gas companies are showing the pathways to a lower-carbon future.
