VOL. XXXII

NO. 38

26-JUNE-1989

GENERAL

Oil Industry Poised for Massive Investments in the 1990s, says Parra

There has been a turn around in demand for crude oil and the oil industry ispoised for another cycle of massive investments during the next decade as demandgrows and environmental issues become more critical, according to Mr. AlirioParra, Managing Director of Petroleos de Venezuela Europe and President of theInternational Association for Energy Economists (IAEE).

Mr. Parra, in a wide-ranging...