Middle East Economic Survey

VOL. LII

No 3

19-Jan-2009

SUPPLY/DEMAND

PFC Energy Forecasts GCC And Iran Products Demand At 4.4Mn B/D In 2009

Total product demand in the Gulf Cooperation Council (GCC) states and Iran has been projected to reach 4.403mn b/d in 2009 and 4.586mn b/d in 2010 by Washington-based PFC Energy. This is compared with 3.779mn b/d in 2007 and 4.188mn b/d in 2008. Key structural elements under-girding support should keep aggregate growth in demand in the region around 200,000 b/d...