Middle East Economic Survey

VOL. XLIX

No 6

6-February-2006

OPEC/SUPPLY/DEMAND

OPEC Expansion Could End Up As Spare Capacity, Warns SG

OPEC is considering investing more than $100bn on more than 100 production expansion projects by the end of 2010, says Société Générale (SG), but risks a major investment just to maintain spare capacity. In the weekly Oil Drivers report of 30 January, SG analyst Frédéric Lasserre says that the organization has provided details and costs estimates for these projects,...