Raising oil output in major producing regions: the financial implications

摘要

Matching the oil industry's output to likely demand growth will absorb astronomical amounts of capital. In this article, Dr Ibrahim A H Ismail, Head of the Energy Section in the OPEC Secretariat's Research Division, examines the financial aspects of such large-scale demand for investment funds. Demand for energy in all its forms is certain to continue expanding, primarily because of growth in the world economy and the rapid increase in the global population — particularly in developing countries. Growth in oil demand will require additional sources of supply, not only from the further development of existing oil fields but also from the discovery and development of new fields, in OPEC and non-OPEC regions.