Thank you very much for your question.
Last month we released the Medium-Term Oil Market Report, and in the report we have estimated the oil demand and supply structure in the coming six years, from 2011 to 2017. In this, we expect that we'll see substantial growth of oil demand. By the way, that is mostly coming from the non-OECD countries, the growth in demand in China, India, and also in the Middle East.
We expect that we'll see the continuation of substantial growth, but at the same time, we are seeing somewhat slower growth compared with the forecast that we made last year. That is due to slower growth. Immediately before we released the Medium-Term Oil Market Report, IMF revised downward the global economic growth forecast. That is the fundamental picture of the growth.
On the other hand, in terms of the supply, we'll see somewhat comfortable growth in supply all over the world. First, about half of the world supply capacity of growth will be coming from North America. The biggest factor is obviously the light type oil from the United States, but at the same time we expect a substantial contribution by the Canadian oil sands. Also, we expect supply growth will be coming from the deepwater resources in Brazil as well.
That is the non-OPEC supply capacity. On the other hand, we have the OPEC growth as well. That is mostly led by Iraq. That is something that we looked at in detail in the World Energy Outlook that we released very recently for this year.