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Page added on December 29, 2015

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Saudi Arabia’s vice minister of petroleum and mineral resources on the state of the global oil industry

Production

“Around $200 billion of investments in energy have been canceled this year, with energy companies planning to cut another 3 to 8 percent from their investments next year. This is the first time since the mid-1980s that the oil and gas industry will have cut investment in two consecutive years.”

Prince Abdulaziz bin Salman al Saud, Saudi Arabia’s vice minister of petroleum and mineral resources

ASPO-USA

 



One Comment on "Saudi Arabia’s vice minister of petroleum and mineral resources on the state of the global oil industry"

  1. makati1 on Tue, 29th Dec 2015 6:25 pm 

    Ah yes, as if anything coming out of the KSA could possibly be true. lol

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