VOL. XLVI
No 45
10-November-2003
SUPPLY/DEMAND
IEA Investment Outlook Sees Middle East Outlay As Vital
Investment of over $3 trillion will be needed in the global oil industry through to 2030, according to the World Energy Investment Outlook (WEIO) published by the International Energy Agency (IEA) on 4 November (MEES, 3 November). This outlay would permit an increase in world oil supply from 77mn b/d in 2002 to 120mn b/d in 2030. The WEIO says: The share of the Middle East in total upstream...
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