EIA eyes Brazil for non-Opec supply growth
Brazil could be the largest source of non- Organization of Petroleum Exporting Countries (Opec) oil and liquids supply growth between 2009 and 2011, with an annual production expected to increase by 410,000 barrels per day (b/d) within this period, says the US Energy Information Administration (EIA).
Brazil will have numerous new production units coming online over the next two years, and three new large projects could add another 100,000 b/d, says the EIA in its 'Short-term energy outlook supplement: Outlook for non-Opec supply in 2010-2011'.
According to the EIA, Brazil produced 2.6 million b/d in 2009 and ranks sixth in the league table for the largest producers that constitute three-quarters of non-Opec supply. With this predicted growth, Brazil would reach just over 3 million b/d by
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