Restoring Oil Flow From Gulf Could Take Six Months, IEA Chief Tells FT

 

The International Energy Agency chief Fatih Birol warned in an interview with the Financial Times on Friday that it could take up to six months to restore oil and gas flows from the Gulf, saying the world is facing what could be the most severe energy crisis in history.

“It will be six months for some (sites) to be operational, others much longer,” he told FT.

Birol said politicians and markets were underestimating the scale of the disruption, with around one-fifth of global oil and gas supplies effectively stranded in the region, the report added.

(Reporting by Bipasha Dey in Bengaluru; Editing by Joe Bavier)

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