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Asharq Al-Awsat
Asharq Al-Awsat
Business
London - Asharq Al-Awsat

OPEC Sec Gen Calls for Swift Action to Invest in Oil to Prevent Future Emergencies

OPEC Oil Haitham Al Ghais Al Ghais United States Petroleum Organization of Petroleum Exporting Countries
OPEC Secretary General Haitham Al Ghais speaks during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi. Reuters

The world must act swiftly to invest in oil to prevent future energy emergencies as global demand for the hydrocarbon grows in the long term, Organization of the Petroleum Exporting Countries (OPEC) Secretary General Haitham Al Ghais said on Tuesday.

"If we don't get it right this time we are sowing the seeds for future energy crises - not just one, but multiple," he told Reuters in an interview.

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