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,...