IEA: Arab Spring destroys investment in oil and gas projects

According to a Reuters report on October 18 in Paris, the International Energy Agency (IEA), headquartered in Paris, France, said today that while some countries in the Middle East have shifted their focus to meet the increasing domestic energy demand, "Spring" destroyed the investment in oil and gas projects in this area.

Fatih Birol, chief economist of the International Energy Agency, said at a two-day International Energy Agency ministerial meeting in Paris today that the reduction in investment in oil and gas projects may push up oil prices in the next five years.

The International Energy Agency estimates that in order to meet global energy demand by 2035, global energy projects will require 38 trillion US dollars of investment by 2035, which is 15% higher than the 33 billion US dollars projected by the International Energy Agency in 2010.

XPS Extruded Polystyrene

The full name of XPS (extruded polystyrene) is Extruded Polystyrene Foam Board.

It is a rigid foam board made of polystyrene resin as raw material plus other raw materials and polymers, heated and mixed while injecting the catalyst, and then extruded and molded. Its scientific name is Xps Extruded Polystyrene Foam Insulation Board (XPS for short). XPS has a perfect closed-cell honeycomb structure. This structure allows XPS boards to have extremely low water absorption (almost no water absorption), low thermal conductivity, high compression resistance, and aging resistance ( There is almost no aging decomposition phenomenon under normal use).

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