Higher oil and gas investment to be expected on the back of new support from policymakers

Dr Carole Nakhle, CEO of Crystol Energy, is quoted in this Arabian Gulf Business Insight article, commenting on the persistent underinvestment in the oil and gas sector.

According to Dr Nakhle, the decision of the EU to support Norway’s continued exploration and investments to bring oil and gas to the European market is an acknowledgment that we still need oil and gas investments. She also notes that the more pragmatic tone among officials should give investor companies greater confidence to commit to spending. It’s an encouraging high price environment, which should by itself stimulate investment along with this new support from policymakers.

Dr Nakhle further adds that we should expect more investment in oil and gas, but if there’s a recession that will pressure prices and could cause another investment downturn.

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