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International Energy Agency: Investments in Energy Sector Affected by Arab Spring
10/21/2011

A report by the International Energy Agency which represents the interests of the major oil consumers points out that the Arab Spring is delaying the investments in oil and gas projects as governments shift their focus toward meeting the increasing expectations of their people. The report said the rising demand for oil and gas would require investments in the neighborhood of $38 trillion by 2035. It said the 90% in the growth of oil supply in the next 10 years ought to come from the Middle East and North Africa.

www.almowatenniews.com October 19, 2011

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