Oil-producing nations will have to make huge investments

Oil-producing nations will have to make huge investments in their production capacity, amounting to at least $ 421 bn over the next 23 years, to meet the projected increase in the demand for oil, according to a Saudi-Aramco study. By country, the investments required are: $ 130 bn in Saudi Arabia, $ 95 bn in the UAE, $ 80 bn in Iran, $ 46 bn in Qatar, $ 35 bn in Kuwait, $ 15 bn in Iraq and $ 10 bn each in Bahrain and Oman. The investment requirement by GCC countries alone is $ 326 bn.
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