The Organization of the Petroleum Exporting Countries has predicted an increase in hydrocarbon demand, to reach its peak by 2030.
OPEC Secretary General, Haitham Al Ghais, disclosed this at the ongoing 23rd Nigeria Oil and Gas Energy Week Strategic Conference in Abuja where he joined the conference virtually.
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According to him, Energy demand is expected to rise by 23 per cent by 2045, driven by a growing world economy and population.
To meet this growing demand, Al Ghais urged the industry players to increase investment levels significantly, estimating that cumulative oil-related investment requirements will amount to approximately 14 Trillion dollars from now till 2045.
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