VOL. XLI

No. 50

14-December-1998

OPEC

OPEC Revenues And Foreign Investments

by Adam Seymour and Nick Antill

The following article, by Adam Seymour and Nick Antill of MorganStanley and Co. International Ltd., was published by Morgan Stanley on 3 December.

Summary

We do not believe that significant investment in the OPEC countrieswill lead to a flood of cheap oil into the market further depressing prices. Increases inOPEC capacity, funded by private capital, are more likely to divert capital...