VOL. XXXVIII

NO. 01

3-OCTOBER-1994

OPEC

$300bn Upstream Investment Required By 2000, Says OPEC Official

The required world-wide upstream investment during the rest of the 1990scould amount to more than $300bn with more than $100bn to be invested in OPECcountries and $200bn in non-OPEC regions, according to Dr. Ibrahim A.H. Ismail,the Head of OPEC's Energy Section. "If the oil industry is to meet theprojected increase in world oil demand during the 1990s and beyond, a huge sumof capital...