|
|
Article: North American Output Rise Will Come in Handy in Campaign to Lower Mideast Imports.(Brief Article)(Statistical Data Included)
- Article from:
- The Oil Daily
- Article date:
- March 28, 2002
CopyrightCOPYRIGHT 2002 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
North American Output Rise Will Come in Handy in Campaign to Lower Mideast Imports
North American oil production is set for an impressive 440,000-barrel-per-day increase in 2002, at a time when lessening the US' dependence on crude oil imports from the Mideast is high on the political agenda.
Production in Canada is estimated to rise by 210,000 b/d, in Mexico by 139,000 b/d, and in the US by 90,000 b/d. The North American growth is more than one-third of the global non-Opec supply increase of 1.19 million b/d that EIG is anticipating, more than double the next largest regional contribution. And it's coming from the most highly explored and heavily ...