Total Energies CEO, Patrick Pouyanne, called on Wednesday for more investments in the energy field, especially since the world is in a transitional phase towards clean energy.

Pouyanne said, at the Qatar Economic Forum organized by Bloomberg, that we must be realistic regarding the transition to new energy, noting that the demand for hydrocarbons rose last year, and that his company is ready to deal with this demand.

The head of the French company called for the need to reduce the costs of energy extraction, pointing out the big difference between Europe and the United States in this regard.

It seems that international companies have begun to adopt the approach of the Organization of the Petroleum Exporting Countries (OPEC), after seeing its realism in light of the increasing and continuing demand for oil and gas.

The oil refining and manufacturing sector requires investments of about $1.7 trillion, while the transportation and marketing sector requires investments worth $1.2 trillion by 2045, according to Al-Ghais.

Securing the necessary supplies of oil that the world needs requires pumping more investments into various oil industry activities, in light of the expected increase in global energy consumption, which constitutes an essential foundation for continuing the momentum of global economic growth.