NO. 5



Parra Forecasts 10Mn B/D Growth In Oil Demand Over Next 10 Years

For his part, Venezuelan Energy Minister Alirio Parra has come out with areasonably robust outlook for oil demand over the next 10 years. In apresentation to the Oil and Money conference, he projects that world oil demandwill grow by about 1mn b/d each year or 1.3% annually, to reach 76mn b/d by2002.

This prediction of a 10mn b/d increase in oil demand over a 10-year periodhas...