VOL. XXXII
NO. 42
24-JULY-1989
SUPPLY/DEMAND
South Korean Oil Demand to Rise 18% in 1990
South Korean oil demand is projected to rise to 917,000 b/d in 1990, comparedto 778,000 b/d this year, or an increase of 18%, according to an officialspokesman of the Ministry of Energy and Resources. Furthermore, consumption isforecast to rise more than 10% annually during the early nineties, with totalannual oil needs to reach 492.78mn barrels (1.35mn b/d) in 1994, compared to283.92mn barrels in 1989,...
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