Bank Of Baku

UAE’s MInister of Energy: “Oil production per day over the world will double till 2020”

UAE’s MInister of Energy: “Oil production per day over the world will double till 2020”
# 01 June 2010 11:38 (UTC +04:00)
According to him, the stability of oil price in the world markets is important in the fulfillment of using projects of hydrocarbon fields in the countries.

According to OPEC, the necessity for hydrocarbon till 2030 will 42% increase compared with 2007. Besides, the oil production per day is expected to reach 160 mln barrel in 2020.
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