GENERAL

Parra Sees Turn Around in Oil and Energy Markets

Lower prices are already bringing about substantial changes in energy industries and, under competitive conditions, energy markets are turning around and may be entering a new phase of higher growth, according to Dr. Alirio Parra, Director of the London subsidiary of the Venezuelan state oil company Petroleos de Venezuela. Speaking at a coal industry conference - Coal-Trans 1986 - in Amsterdam on 10 June, Dr. Parra said that...