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Oil price plunge seen delaying US$380b worth of projects

Confidence for new investments curbed by concern crude prices will remain lower for longer: Wood Mackenzie

Published Thu, Jan 14, 2016 · 09:50 PM

Tokyo

OIL'S collapse has delayed US$380 billion worth of investment on 68 major upstream projects, according to industry consultant Wood Mackenzie.

The developments account for about 27 billion barrels of oil equivalent and about 2.9 million barrels a day of production is being deferred to early…

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