Middle East Economic Survey
VOL. XLVIII
No 47
21-November-2005
OPEC/SUPPLY/DEMAND
OPEC Oil Production Capacity To Reach 33Mn B/D By End-2006, Says IEA
OPEC capacity increases are expected in the coming months which will take total capacity to 32.1mn b/d at the end of 2005 and 33mn b/d by end-2006, according to the IEA. In the latest monthly Oil Market Report, published on 10 November, the agency said that OPEC itself had announced plans to have 38mn b/d-plus of crude capacity in place by the end of...
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