VOL. XXXIX

No. 55

14-October-1996

OPEC

OPEC Expresses Concern About Future Security Of Demand

The head of OPEC's Energy Section, Dr. Ibrahim Ismail, said last week that OPEC's future role in the oil market "will be very much hindered by the ongoing energy and environmental policies of the consuming nations." Dr. Ismail told the 10th Annual APS Conference held in Nicosia on 7-8 October that "for OPEC, it is a totally unacceptable situation that, after heavy investment in capacity expansion,...