OPEC At World Economic Forum
Secretary- General of The Organization of The Petroleum Exporting Countries, OPEC, Mohammed Sanusi Barkindo Says the
complexities of The world, especially the energy sphere, means no single stakeholder possesses all of the answers.
He stressed that It is only through working together that stakeholders can surmount challenges of Global Energy.
Mohammad Sanusi Barkindo said this when he joined World Economic Forum Virtual Meeting.
He said it is these realization that OPEC’s continual refrain for all stakeholders in the energy community to come together to tackle common challenges and identify opportunities.
Barkindo said COVID-19 pandemic resulted in the sharpest downturn in energy and oil demand in living memory, something nobody could have foreseen and therefore All forms of energy will be needed to support the post- pandemic recovery and address future energy
OPEC helmsman reiterates that World oil demand is projected to increase from nearly 100 million barrels per day in 2019 to around 109 million barrels per day in 2045.
To meet this future demand, the global oil sector He said will need cumulative investment of $12.6 trillion in the upstream, midstream and downstream
The time to navigate these challenges is now.
Barkindo “the pandemic represents a rare but narrow window of opportunity to reflect, reimagine and reset our world.”