Global Oil And Gas Industry Sees Profits Soar To $4 Trillion ...Middle East

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Global Oil And Gas Industry Sees Profits Soar To $4 Trillion
source : OILPRICE ( Middle East ) () 21
The combined income of the global oil and gas industry surged to nearly $4 trillion last year, up from an average of $1.5 trillion in recent years, Fatih Birol, the Executive Director of the International Energy Agency (IEA), said during a conference on Tuesday.   Despite the record industry earnings, the major oil-producing countries, especially those in the Middle East, need to start working on diversifying their economies, the head of the IEA said via video link at an energy conference, as carried by Reuters. “You cannot anymore run…

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