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OPEC oil supplies to increase 1 percent by 2013

Oil&Gas Materials 9 July 2009 17:05 (UTC +04:00)

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

OPEC oil supplies will increase 3 million barrel per day up to 31 million barrels per day by 2013, OPEC report on world oil survey 2009 said.

According to OPEC report, demand for OPEC oil will gradually increase by hitting 31 million barrel per day by 2013 after drop in 2009.

According to forecasts, OPEC supplies will hit 28 million barrel per day in 2009, 29.3 - in 2010, 29.9 - in 2011, 30.5 - in 2012.

OPEC oil supplies will hit 34.3 million barrel in 2020 but 41.1 million barrel per day in 2030.
 
According to report, share of OPEC will not change much in worldwide oil supplies by 2030. Oil supplies will hit 39 percent in 2008.

According to OPEC, non-OPEC countries will supply 50.4 million barrel per day in 2009, 50.6 - in 2010, 50.9 - in 2011, 51.2 - in 2012, 51.4 - in 2013.

According to OPEC report, oil supplies of OECD will reduce from 2009 to 2013. But it will be compensated by growth of supplies in Russia, Brazil and the Caspian region within this period.

Total reduction of oil production by OECD countries will hit 8 percent by 2013 but 4 percent for developing countries.

Volume of oil supplies by non-OPEC countries will hit 54.3 million barrel in 2020 but 56.3 - in 2030.
 
According to OPEC, proved reserves of cartel in 2008 increased 75 billion barrel to 1 trillion barrel despite reduction of production. OPEC production increased 1 million barrel per day in 2008 while oil production in non-OPEC countries reduced 0.5 million barrel per day.

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