OPEC to Increase Oil Delivery by 5% in 2008: EIA
Azerbaijan, Baku, 11 June / corr. Trend A.Badalova / The OPEC oil delivary will increase from 1.69mln barrels a day to 37.1mln barrels, as compared to 35.41mln barrels in 2007, according to the forecasts of the Energy Information Agency (EIA).
In 2009, the EIA forecasts insignificant cut in the OPEC oil delivery to 37.08mln barrels a day.
The EIA told Trend that the OPEC oil delivery would increase to 140,000 barrels a day in the second quarter of 2008, comprising 36.9mln barrels on average a day. The oil production will increase to 9.4mln barrels in a day in the Saudi Arabia, a major oil state of the world, in June 2008.
"Within the third quarter, the OPEC delivery will depend on the further developments in Iraq and Nigeria, which are suffering faults in the crude delivery," the EIA told. The faults have different reasons, including force-majeur and political tensions.
The EIA reduced its forecasts concerning the increase of oil delivery to non-OPEC member-countries. The oil delivery will increase from 310,000 barrels a day to 49.46mln barrels a day, as EIA published on its website.
In accordance with the forecasts, the Azerbaijani oil delivery will be 0.96mln barrels a day. In 2009, the country will increase the delivery from 0.24mln barrels a day to 1.2mln barrels. The capacity of the Kazakh oil delivery will constitute 1.63mln barrels as compared to 1.49mln barrels a day in 2008. Turkmenistan will increase oil delivery to 0.2mln barrels a day as compared to 0.19 barrels in 2008.