Global Oil Sector Needs $20 Trillion Investments Over 25 years: Saudi Aramco CEO


Amin Nasser, Saudi Aramco Chief Executive Officer, says the global oil and gas industry needs to invest more than $20 trillion over the next 25 years to meet expected growth in demand and compensate for the natural decline in developed fields. Until now industry has lost $1 trillion of investments since the oil price downturn from 2014 to 2016.

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Or we could put that trillions in renewables....

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In 20 years ICE will be obsolete ! In 2016 the number of EVs on the road increased by 55% compound that over 20 years ! Time for alternative sources.

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And I ask myself where is the demand growing?

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