Angola to be oil producer to contribute most to increase in world supply

Angola is the non-OPEC country that will contribute most to the increase in the world supply of oil by 2010, of a list of five countries drawn up by Deutsche Bank, which also included Brazil.

In a report by the German bank’s chief economist for the power sector, Adam Sieminski, the average annual contribution by Angola to world supply, over the next four years, is expected to be 1.25 million barrels per day.

…“In 2010, production growth could fall once again, with reserves running out in the North Sea, North America and other areas, being more difficult to compensate,” he said.
Macauhub