BP expecting growth in global oil production
Baku, Azerbaijan, Feb. 11
By Elena Kosolapova - Trend:
BP forecasts the growth in the global oil production from 4.22 billion tons of oil equivalent in 2014 to 4.9 billion tons of oil equivalent in 2035, according to the BP Energy Outlook 2016.
The oil production is forecasted at the level of 4.5 billion tons of oil equivalent in 2020, 4.69 billion tons - in 2025, 4.84 billion tons - in 2030.
Non-OPEC supply accounts for the majority of the supply increase, growing by 11 Mb/d, while OPEC increases by 7 Mb/d, according to BP. All of the net increase in non-OPEC supply comes from the Americas: US shale, Brazilian deepwater and Canadian oil sands.
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