If this year's average oil price hits 50, then this will slash 0.8 percent of the world economic growth.
More Quotes from Fatih Birol:
Turkey is a very poor country in respect to power. This has made the country very vulnerable... I think this government is rather determined to go ahead.Fatih Birol
The issue in the oil business today is not the reserves but the money, the investment decisions, the investment climate.
Fatih Birol
It's not about rocks or about reserves, it's about investment policy.
Fatih Birol
What happened between Russia and the Ukraine will be an important wakeup call for Europe and countries that were thinking of leaving nuclear aside.
Fatih Birol
We expect CO2 emissions growth in China between now and 2030 will equal the growth of the United States, Canada, all of Europe, Japan, Australia, New Zealand and Korea combined,
Fatih Birol
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