IEA-OPEC jointly contemplate world energy investment outlook

“A pivotal area in shaping the flow of investment to oil development is the Middle East,” said IEA Executive Director Claude Mandil. “Although the costs of developing the region’s vast resources are lower than anywhere else in the world, financing this investment will be determined partially by perceptions of security risk, but even more so by national decisions establishing the pace of resource exploitation.”

Oil and Gas Journal