Heavy Oil Investing News » Hamli declared need of new heavy investment to keep prices stable

Hamli declared need of new heavy investment to keep prices stable

April 21, 2009 @ 3:09 am In Heavy Oil Market News

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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