OPEC oil producers will need to invest $60 billion by 2010 in order to meet world oil demand
, according to figures released by the group. To maintain its 1995 production level and make its proportionate share of the additional amounts, OPEC needs to invest about $60 billion by the year 2010 and another $250 billion by 2020, officials said. World oil demand
, which was about 70 million bpd in 1995, is expected to be over 90 million bpd in 2010 and over 100 million bpd in 2020.