OPEC ups forecasts for oil supply by non-OPEC countries

Azerbaijan, Baku, Dec. 18 / Trend A.Badalova /

OPEC forecasts growth in oil supplies by the countries outside the cartel by 310,000 barrels per day up to 51.27 million barrels per day in 2010. This index is higher by 42,000 barrels per day compared to the index predicated last month. In the fourth quarter of 2010 oil supplies by non-OPEC countries will hit 51.62 million barrels per day, the cartel forecasted.

Based on OPEC's December report on the oil market, in 2009 oil supplies by non-OPEC countries will increase by 0.5 million barrels per day to 50.96 billion barrels per day. The growth was provided mainly by countries such as USA, Canada, Russia, Azerbaijan and Kazakhstan.

Under OPEC forecasts, as the results of 2009 Azerbaijan's oil supplies will increase by 0.12 million barrels per day to 1.03 million barrels per day. In the fourth quarter of this year, OPEC expects the country's oil supplies to hit 1.07 million barrels per day.

In 2010, Azerbaijan's oil deliveries will increase by 0.13 million barrels per day to 1.16 million barrels per day, OPEC projected.  In the first quarter of 2010, OPEC forecasts Azerbaijan's oil deliveries to reach 1.09 million bpd, in the second - 1.13 million, in the third - 1.17 million and in the fourth - 1.23 million barrels per day.

Based on OPEC's report, oil supplies by the former Soviet Union countries will amount to 12.92 million bpd in 2009 and 13.2 million barrels per day in 2010.

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