OPEC Secretary General urged to increase the capacity of oil refineries
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OPEC Secretary General Haytham al-Ghais said that due to the growing demand for petroleum products, it is necessary to increase refining capacities around the world. He stated this during the 13th meeting of technical experts of the countries participating in the OPEC + Cooperation Charter, follows from press release on the organization’s website.
Haytham al-Ghais cited “exceptional efforts” to expand the Al Zour refinery in Kuwait, the Dangote refinery in Nigeria, and the Jazan refinery in Saudi Arabia as examples.
May 15 Haytham al-Ghais said that until 2045, OPEC expects global energy demand to grow by 23%. At the same time, according to him, the oil industry by this time will require about $12.1 trillion in investments.
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