Investments in oil industry reduced


September 28, Fineko/abc.az. Investments in the oil industry have declined.

ABC.AZ reports that experts link this with various factors, including a new type of coronavirus pandemic.

The Organization of the Petroleum Exporting Countries (OPEC) estimates that the oil industry will need about $12 trillion by 2045.

The relevant statement was made by OPEC Secretary General Mohammed Barkindo when delivering speech at a video conference organized by the Washington Atlantic Council.

Barkindo noted that by 2045 the industry will need about $12 trillion to compensate for Organization's losses.