“A lot of our projects are long term to have production in five or six years. And that is a problem. If you are cutting capex (capital expenditure) drastically now - we can have a lack of production in four or five years creating a new increased oil price at $200 maybe, what we need is stability... OPEC is like the central bank for oil which must give stability to the oil prices to be able to invest in a regular way.
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- Reuters 9 years ago
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"Claudio Descalzi Quotes." Quotes.net. STANDS4 LLC, 2024. Web. 25 Dec. 2024. <https://www.quotes.net/citizen-quote/39710>.
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