According to Mohammed Bin Dhaen Al Hamili, UAE Minister for Energy, oil and gas producers in the Middle East should continue to invest in the industry despite the fall in oil prices across the world.

Mohammed Bin Dhaen Al Hamili, UAE Minister for Energy, said:

As you know, recent events in global financial markets have had a substantial impact on the oil industry. il prices have plummetted sharply to hover around $60 a barrel after the unbridled rise in July this year. However, in spite of the present market conditions, I would like to stress the importance of continued investment in the region’s oil and gas industry.

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