OPEC bulletin 10/17
grow in Asian non-OECD countries by 16m b/d between
2016 and 2040, which is substantially larger than any
other region in the world.”
He further articulated Asia’s importance with regard
to refinery capacity and trade flows.
In conclusion, the Secretary General highlighted the
importance of dialogue and collaboration, especially
in light of the interdependent nature of the global oil
“Given the complexity of today’s energy market, no
one organization possesses all the solutions to the chal-
lenges which must be overcome to meet the demands of
the future,” he proclaimed. “Therefore, the importance of
forums like this, conducted in a collaborative spirit with
frank and open dialogue, is invaluable and indispensa-
ble for our industry.”
Emerging trends and technologies
The first session of the meeting focused on oil and energy
market developments, with an emphasis on emerging
trends and technologies.
Experts from the OPECSecretariat delivered presenta-
tions on the short-, medium- and long-term energy and
oil outlooks, including scenarios. These were followed
by presentations by the IEEJ, specifically focused on Asia
and one from the Economic Research Institute for ASEAN
and East Asia (ERIA) on ASEAN developments.
The second session examined developments in
road transport technology and fuels, particularly drivers
behind special technologies, prospects for their penetra-
tion and the impact of new technologies. A representa-
tive from Toyota stimulated an interesting discussion fol-
lowing his presentation on the future of the powertrain
landscape. This was complemented by a presentation by
AVL entitled: ‘Powertrain technology trends: electrifica-
tion — a new springtime for the combustion engine?’
During the third and final session, participants heard
about country-specific perspectives on energy and oil
demand with a focus on downstream prospects. This
included topics such as trends in product demand, qual-
ity adjustments, evolving crude oil trade patterns, invest-
ment plans and links to petrochemicals.
Discussions also encompassed an exchange of views
on the road transportation sector, in terms of demand
according to product, the fleet composition and pros-
pects of new passenger cars and commercial vehicles.
Consideration was also given to the oil demand outlook
in road transportation under targeted policies and pen-
etration by new technologies.
China’s National PetroleumCorporation’s Economics
and Technology Research Institute gave a presentation on
China’s energy and oil outlook. This was followed by an
account of the Indian perspective by India’s Petroleum
Planning and Analysis Cell. An overview of the situation
in the Republic of Korea was provided by Korea’s Energy
Economic Institute. The IEEJ then described Japan’s
energy and oil outlook.
The comprehensive presentations and thought-pro-
voking discussions that followed facilitated a fruitful and
productive exchange among participants. The signifi-
cance of pursuing such initiatives designed to promote
cooperation, through dialogue and technical exchange,
The contributions of senior experts from across the
industry enhanced knowledge-sharing and informa-
tion-exchange. Therefore, the participants recommended
continuing this instrumental technical dialogue and close
interaction on a yearly basis and exploring the possibility
of expanding it.
Participants at the 3
Meeting on Asian Energy and Oil
Outlook pose for group photo.