Also, it was mentioned in the IEA report that China would be the main driver of demand across the Asia region, accounting for 48.9 pct of non-OECD(Organization for Economic Cooperation and Development) Asian demand by 201210. Moreover, given “the country’s booming economy, its oil product demand is projected to increase by 5.6 per cent per year on an average to almost 10 mn barrel per day (bpd) by 2012, consolidating its position as the second largest oil consumer after the US” according to IEA report.