Finished lubricant demand and overall base stock demand in Africa and the Middle East are each projected to grow at close to 2.5 percent per year from 2009 to 2019, according to Kline and Co.
The Middle East is projected to grow slightly faster, at around 2.7 to 3 percent, said Milind Phadke, project manager for Little Falls, N.J.-based Kline’s Energy Practice, during a web presentation yesterday. Africa will grow at about 1.8 to 2 percent.
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