VOL. XLV

No 23

10-June-2002

SUPPLY/DEMAND

TotalFinaElf ProductionGrowth Forecast Strong But Easing After 2003

Frances TotalFinaElf (TFE) is set toachieve higher than industry average hydrocarbon production growth rates untilaround 2007, according to a report published by ABN AMRO on 27 May. The reportforecast that TFE would register production growth rates of 10% in 2002 and 8%in 2003, after which growth would decline to closer to industry averages ataround 3% per year (see table). We expect...