VOL. XXXII

NO. 50

18-SEPTEMBER-1989

PRODUCER COUNTRY INVESTMENTS

by Francisco R. Parra

(The following is the text of a paper presented by Mr. Francisco Parra at theOxford Energy Seminar on 12 September. Mr. Parra is former Secretary Generalof OPEC and is currently Director of Energy Economics Research Ltd.)

The Growth of Petroleum Demand

The past few years have seen petroleum demandonce again on the increase, due partly to lower prices and partly to strongeconomic growth. This year, world demand...