ADNOC CEO Says World Needs Maximum Energy, Minimum Emissions

October 31, 2022

Dr. Sultan Al Jaber - ©ADNOC
Dr. Sultan Al Jaber - ©ADNOC

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday that zeroing out hydrocarbon investment due to natural decline could lead to a loss of 5 million barrels of oil per day a year from current supplies. 

"The data is clear. If we zero out hydrocarbon investment ... due to natural decline ... we would lose 5 million barrels per day of oil each year from current supplies. 

This would make the shocks we have experienced this year feel like a minor tremor," Jaber said speaking at [ADIPEC] industry event in Abu Dhabi. The world needs maximum energy and minimum emissions, he added. 

(Reuters - Reporting by Maha El Dahan)



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