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,...
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