Angola, Saudi to lead OPEC oil capacity rise – IEA

OPEC oil output capacity growth of some 2.6 million barrels per day this year and next is heavily skewed towards new member Angola and leading exporter Saudi Arabia, the International Energy Agency said on Thursday.

Together, the two nations are on course to account for half the net increase that will take OPEC capacity from 33.9 million bpd at the end of 2006 to 34.8 million bpd at the end of 2007 and 36.5 million bpd at the end of 2008, said the IEA.

Reuters