Monthly Global Upstream Review, June 2019 - Middle East Leads Liquids Production in 2023
Global oil and gas production is expected to increase by 5.3 percent during the outlook period 2019 to 2023. Total production is expected to increase to 62,949 million barrels of oil equivalent (mmboe) in 2023. In terms of capex on producing, planned and announced projects, North America leads global capex outlook by 2023, followed by the Former Soviet Union and the Middle East.
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