VOL. XLV
No 48
2-December-2002
OPEC
Non-Conventional Oil Capacity Growth Dependent On Crude Prices
Non-conventional oil production capacity has grown significantly in recent years, and OPECs current policy of maintaining the OPEC Basket price in the $22-28/B target range is expected to enable producers of extra-heavy oil, tar sands and oil shales to establish a firm foothold in the market. However, the IEAs Non-Conventional Oil conference, held in Calgary on 25-26 November, heard that these...
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