OPEC: Primary Energy Demand to Increase 23% by 2050

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Secretary-General of the Organization of Petroleum Exporting Countries attributed the lack of investment to the world's current lack of "diesel, fuel for aircraft and petrol".

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The organization warns that the increase of the world population, urbanization and the development of artificial intelligence will trigger demand and demand investments of up to 18 trillion dollars to guarantee the supply of oil and gas

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Haitham al Ghais advocates investment in oil infrastructure and other energy sources due to global population and economic growth

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Secretary-General of OPEC defended the need to invest in infrastructure for oil and gas, as well as in other energy sources.

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OPEC Secretary General Haitham al Ghais said the world will need 23% more primary energy by 2050, highlighting the need for investments in infrastructure for oil, gas and other energy sources.

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Al Ghais explains that the key is that "people do not realize that we have to invest today to be able to produce within five, six or seven years, both in exploration and production activities and in refining and distribution" of crude oil.