المستخلص: |
Rising economic growth in developing countries in Asia, especially in China and India, has led to a substantial increase in energy demand, which has been directly reflected in world energy market. The study provides an overview of the current and future economic developments of the countries on the region which have become one of the main drivers of growth in the global economy. The study aims to shed light on the production and consumption of oil and other energy sources, and the refining capacity in the developing countries in Asia. The study also aims to provide a comprehensive overview of the oil imports of these countries according to exporting countries and regions, including OAPEC member countries. The study presents estimates of the demand for oil and energy in Asian developing countries until 2040, it also provides estimates of the expected increase in demand for oil in these countries and the potential sources for meeting the growing needs. The study concluded that the demand for oil in developing countries in Asia will increase during the period 2020-2040 by 1.5-2% annually to reach about 32-36 million b/d in 2040 compared with 24 million b/d. China will continue to be the leader in the energy scene. India is expected to record the highest growth in energy demand among developing Asian countries during the period 2020-2040. The study stresses the importance of following up closely the developments in oil demand in Asian countries in general, and in China and India in particular, as the substantial size of the expected increase in demand for oil in both China and India will have a significant impact on the world oil markets on one hand, and on the oil exports of OAPEC members on the other.
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