Baku, Azerbaijan, Oct. 15
By Leman Zeynalova – Trend:
Discriminatory policies against oil and gas dampen investments in this sector, Mohammad Sanusi Barkindo, OPEC Secretary General, said at the 3rd India Energy Forum by CERAWeek, Trend reports via OPEC’s website.
“At OPEC, we also are engaged in and supportive of collective efforts – including the Paris Agreement and the ongoing UN climate discussions – to address the climate change challenge. Looking ahead, we believe the most effective approach to mitigating the effects of climate change is through deeper cooperation and public policies that encourage a sustainable energy mix where oil is a fuel of choice,” he said.
“Related to this, the oil industry will continue to need a supportive investment climate if we are to meet the world’s energy expanding needs while also delivering climate solutions.”
However, factors that dampen investment in the oil sector include extremes in market volatility, geopolitical interference, and more recently the discriminatory nature of policies against oil and gas, added OPEC secretary general.
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