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  OPEC Secretary-General said that the current oil investment is recovering

OPEC Secretary-General said that the current oil investment is recovering

According to Dow Jones News, Cancun, Mexico, March 30, OPEC Secretary-General Abdalla Salem el-Badri meeting space to reporters when to attend the International Energy Forum in Cancun Tuesday, he said that by the impact of high oil prices in recently, OPEC investments in large oil projects began to recover.

el-Badri said oil prices in 2009 downturn in fell nearly 30 U.S. dollars a barrel due to economic, that prompting OPEC to postpone the 35 of 150 large oil project, the project aims to improve the organization's oil production. So long as the current international crude oil prices currently at 70-80 U.S. dollars per barrel range, members of the Organization restore the investment for this project.