Global energy transition could take 30 years: Saudi minister ...Kuwait

The New Arab - News

Saudi Arabia's finance minister said on Wednesday the world's energy transition away from fossil fuels could take as much as 30 years, necessitating continued investment in conventional resources to ensure security of supply. While the global economy faces a "very difficult six months", Mohammed Al-Jadaan said, the outlook for Gulf Arab oil producers was "very good" and would possibly remain so for the next six years. Saudi Arabia, the world's top oil exporter, and fellow Organization of the Petroleum Exporting Countries (OPEC) producers have warned of underinvestment in hydrocarbons especially while spare production capacity is thin and demand still relatively healthy

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Last updated : 26 October 2022 clock 01:56 PM

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Global energy transition could take 30 years: Saudi minister ...Kuwait

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