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Oil industry supports 70 million jobs worldwide: OPEC Secretary-General

Oil industry supports 70 million jobs worldwide: OPEC Secretary-General
29 Apr 2024 15:01

ABU DHABI (WAM)

OPEC Secretary-General, Haitham Al Ghais, revealed the oil industry supports 70 million jobs worldwide.

Al Ghais underscored the significant role of the oil and gas sector in employment and its contribution to national economies globally.

“Jobs in this industry span not only high-skilled positions but also extend across the entire supply chain, including manufacturing, transportation, hospitality, and retail," he noted.

According to the International Energy Agency (IEA)'s Net Zero Roadmap 2023, IEA expects the fossil fuel industry to lose 13 million jobs between 2022 and 2030, at a rate of around 1.6 million jobs yearly or 4,500 daily, he pointed out.

Al-Ghais emphasised that OPEC's message is clear and unwavering regarding employment in the oil industry, “the world needs more of them.”

Forseeing a rise in oil demand to 116 million barrels per day by 2045, he emphasised the necessity for additional workers even as the industry embraces emissions-reduction technologies.

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