GCC wealth 'could be depleted in 15 years'

Efforts by Gulf Cooperation Council (GCC) countries to shift from a dependence on hydrocarbons may not be enough and they could find their wealth depleted within 15 years, the International Monetary Fund (IMF) has warned.

The IMF’s report, The Future of Oil and Fiscal Sustainability in the GCC Region, outlines fundamental changes to the structure of the oil market as new technologies increase supply from both old and new sources.

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GCC wealth 'could be depleted in 15 years'

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