Tag: warns
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Petronas President warns: halting investment in oil and gas projects is a ‘catastrophe’
The President and CEO of the Malaysian Petronas “Tengku” company, Muhammad Tawfiq, condemned the calls for an absolute halt to investment in oil and gas projects, describing it as a “catastrophe”. Tawfiq stressed that the lack of investment in oil and gas cause There are severe market fluctuations and affect energy security, according to what…
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OPEC warns of the fallacies of the Energy Agency and responds to the truth of its position on oil prices
The Organization of Petroleum Exporting Countries (OPEC) renewed its warnings about the impact of declining investment in the hydrocarbon sector on global energy security. Haitham Al-Ghais, Secretary-General of the Organization, said today, Thursday, that the International Energy Agency should “exercise extreme caution about further attempts to undermine investments in the oil industry.” The Secretary General…
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OAPEC Secretary General warns of new risks in the oil market
OAPEC Secretary General, Engineer Jamal Issa Al-Loughani, warned of new risks facing the global oil market, which is witnessing uncertainty after the re-introduction of the “No OPEC” bill. Today, Monday, April 3 (2023), the Secretary-General of the Organization of Arab Petroleum Exporting Countries (OAPEC) stated that some US senators are trying to put pressure on…
