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Demand has substantially grown over several decades, whether from mature or emerging markets alike. For an extended period of time, technology has been mostly dominated by Western Wazamba corporations, thus allowing them to secure substantial margins.

As of late, however, demand has stagnated in mature countries. Hence, major Western groups have experienced a drastic market slump along with plummeting margins. Meanwhile, major contenders have arisen from emerging markets where demand keeps growing steadily.

Moreover, in the light of huge project expansion involving extensive financial stakes as well as investment risks, leading construction and engineering corporations have had to enforce tough management policies targeted at enhanced planning, contracting, cost control as well as quality management.

Production 13 371 million metric tons (oil equiv.)

Hydrocarbures 52%
Coal 29%
Biofuels, biomass 10%
Electricity 7%
Other 3%

Consumption9 979 million metric tons (oil equiv.)

Hydrocarbures 56%
Electricity 18%
Biofuels, biomass 12%
Coal 10%
Other 4%


PARIS (Head Office)
18, rue Pasquier
75 008 Paris
Tel. +33 1 78 41 40 13
16 Hanover Square

London W1S 1HT
United Kingdom
435 Orchard Road

11/F Wisma Atria
Singapore 238877
Tel. +65 6701 8226