The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks
Green Car Congress
JULY 16, 2017
Saudi Aramco CEO Amin Nasser, while addressing the World Petroleum Congress in Istanbul, stated that the outlook for oil supplies is “ increasingly worrying ”, due to a loss of $1 trillion ($1,000 billion) in investments last year. When looking at the Saudi situation, the need for new investments and increased technology development is clear.
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