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OPEC returns to oil sector investment
Filed under NewsMar 19VIENNA – With oil prices steady around $80, OPEC countries are returning to energy investment projects postponed at the height of the economic crisis, while foreign firms are playing a major role.
OPEC nations used the sidelines of this weeks meeting of the Organization of Petroleum Exporting Countries to speak about their plans for significant investments in energy infrastructures.
And with oil demand set to rise over the long term, investment in the energy sector, from drilling projects to building new refineries is essential.
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