Hamli declared need of new heavy investment to keep prices stable
UAE Minister of Energy HE Mohammed bin Dhaen Al Hamli reported that a new round of heavy oil investments will be required if the world is to avoid another cycle of high oil prices.
Al Hamli stated:
Such investments represent a major burden for resource-holders all of which have their own development agendas and competing calls for funds.
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Tue, Apr 21, 2009
Post by Melissa Pistilli, Heavy Oil Senior Reporter