{"id":62560,"date":"2023-07-11T17:13:16","date_gmt":"2023-07-11T14:13:16","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=62560"},"modified":"2023-07-11T17:14:27","modified_gmt":"2023-07-11T14:14:27","slug":"oil-sector-requires-12-1-trillion-investment-up-to-2045-opec-chief","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/oil-sector-requires-12-1-trillion-investment-up-to-2045-opec-chief\/","title":{"rendered":"Oil sector requires $12.1 trillion investment up to 2045: OPEC chief"},"content":{"rendered":"\n<p><strong><em>Haitham Al Ghais affirms 23% increase in primary energy demand up to 2045, raising need for all forms of energy<\/em><\/strong><\/p>\n\n\n\n<p>The global oil industry will need an investment of $12.1 trillion up to 2045, Haitham Al Ghais,the secretary-general of the Organization of Petroleum Exporting Countries (OPEC), said on Tuesday.<\/p>\n\n\n\n<p>Al Ghais remarked during the Nigerian Oil and Gas Conference held in Abuja between July 9 and 13 that the industry is not currently on track to meet the amount of investment required.<\/p>\n\n\n\n<p>He affirmed the need for all forms of energy given that global energy demand is expected to climb 23% by 2045.<\/p>\n\n\n\n<p>He stressed the urgency for innovative solutions such as carbon capture, utilization and storage, hydrogen projects, and a circular carbon economy, which has received a positive endorsement from G20 countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Haitham Al Ghais affirms 23% increase in primary energy demand up to 2045, raising need for all forms of energy The global oil industry will need an investment of $12.1 &hellip;<\/p>\n","protected":false},"author":2,"featured_media":62561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1],"tags":[19,47,312,2364,44,904,17446,1640],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2023\/07\/Oil-sector-OPEC.jpg?fit=808%2C454&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/62560"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=62560"}],"version-history":[{"count":3,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/62560\/revisions"}],"predecessor-version":[{"id":62565,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/62560\/revisions\/62565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/62561"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=62560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=62560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=62560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}