Middle East Economic Survey

VOL. XLVII

No 48

29-November-2004

SUPPLY/DEMAND

OPEC Oil Production Capacity Expansion To Be Slower Than Expected, Says DKWR

OPEC is likely to expand its oil production capacity at a slower rate than expected, according to a 15 November report issued by Mehdi Varzi of Dresdner Kleinwort Wasserstein Research (DKWR) entitled OPEC Capacity Entering Uncharted Territory. Three factors including the rate of depletion in mature fields, delays in project approvals and...