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OPEC production to up 1 percent in 2010: EIA

Oil&Gas Materials 9 July 2009 13:46 (UTC +04:00)
OPEC production to up 1 percent in 2010: EIA

Azerbaijan, Baku, July 9 / Trend , A.Badalova/

The U.S. Energy Information Agency (EIA) forecasts the oil production by OPEC will increase by 0.33 million barrels per day to 28.96 million barrels per day in 2010 compared to 28.63 million barrels per day in 2009.

The increase is observed due to a high demand. The oil production by OPEC totaled 28.6 million barrels per day in the in the second quarter of 2009, according to EIA.

EIA forecasts increase in oil supplies of non-OPEC countries by 360,000 barrels per day and to 50.14 million barrels per day in 2009. Oil supplied of non-OPEC countries will increase to 50.19 million barrels per day in 2010.

The EIA reports said the high oil production in Brazil, the United States, Azerbaijan and Kazakhstan compensates the reduction of production in Mexico, the Northern Sea and Russia.

In 2009, oil supplies from Azerbaijan will be increased by 0.19 million barrels per day to 1.07 million barrels per day in 2009. In 2010, oil supplies from Azerbaijan will be increased by 0.16 million barrels to 1.23million barrels per day.

In 2010, the oil production by countries of the former Soviet Union will reach 13.12 million barrels per day, which is by 0.1 million barrels more compared to 2009, the EIA reported.

Out of the total volume of supplied oil Kazakhstan will implement 1.54 million barrels of oil per day. In 2010, Kazakhstan will increase oil supplies by 0.12 million barrels to 1.66 million barrels per day.

In 2009, Turkmenistan will supply 0.2 million barrels of oil per day. In 2010, the volume will be kept on the same level.

The EIA is a statistic agency of the United States, which was founded by Congress in 1977.

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