Opec confronts security and investment challenges
The organisation’s secretary general has concerns on vulnerability of infrastructure and ESG investment agenda
The oil industry faces two escalating challenges in the shape of risks of attacks on refineries and other infrastructure and investors turning away from the sector, Opec secretary general Mohammad Sanusi Barkindo told delegates at the Oil & Money conference in London on Thursday. The drone and missile attack on Saudi Aramco’s facilities in September—which took out half of the of the world’s largest producer’s processing capacity—highlighted vulnerabilities to the energy infrastructure more widely. And Barkindo’s concern was vindicated after the conference when, on Friday morning, Iran confirmed a supertanker, en route to Syria, was hit by missiles. Earlier this week, Turkey embarked on
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