Qatar Tuesday said under investments in the previous years was a key reason for the current high energy prices and therefore more investments in the oil and gas sectors are imperative. Addressing the second Qatar Economic Forum (QEF), powered by Bloomberg, HE the Minister of State for Energy Affairs Saad bin Sherida al-Kaabi said there has been an almost 20% year-on-year decline in capital expenditure in the upstream business over the last seven to eight years. There was the pandemic and the appurtenant overall slowdown worldwide and then the situation was amplified more by the present Russia-Ukraine issue, he said. “The under investments is the underpinning reason for much higher (energy)
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