BP expects annual growth in world oil demand by 0.9 percent till 2030
Azerbaijan, Baku, June 12 / Trend A. Badalova /
The world demand for liquid hydrocarbons will increase by 16.5 million barrels per day, exceeding by 102 million barrels per day by 2030. These forecasts are contained in BP's energy review till 2030.
According to BP's expectations, the oil will be the fuel with the slow growing demand for the next 20 years. The annual growth in world oil demand was 0,9 percent from 2010 to 2030 compared to 1.3 percent from 1990 to 2010.
The growth in world oil demand by the specified period will be observed mainly due to non- OECD countries. According to BP's forecasts, the oil demand in these countries will amount to 61 million barrels per day by 2030.
According to BP's forecasts, the growth in demand of Asian non-OECD countries will increase by 13 million barrels per day by 2030.
The demand in OECD countries will be reduced by more than 4 million barrels per day by this year, amounting to 41.5 million barrels per day.
The OPEC oil production growth in 2030 is forecasted by BP at 13 million barrels per day. The share of the cartel in the global oil production will increase from 40 percent in 2010 to 46 percent in 2030.
The growth in production by non-OPEC countries will hit about 4 percent by 2030.
According to BP, oil demand in China will increase by 8 million barrels a day - up to 17.5 million barrels per day by 2030.