Oil demand to grow 50% in 28 years

Manama: Demand for oil is set to grow at least 50 per cent between 2002 and 2030, the president of Shell Global Solutions has said.

“Cost, supply, security and environmental concerns will influence demand as developing nations seek higher living standards,” Greg Lewin said here yesterday at the fifth Middle East International Refining and Petrochemicals Conference and Exhibition (Middle East Petrotech 2006).