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Executive summary

Author

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  • Fesharaki, Fereidun
  • Valencia, Mark J.
  • Smith, Kirk R.

Abstract

It is expected that the Asia-Pacific region will increase its demand for petroleum products at a greater rate than any other part of the world over the next two decades. Indonesia, an OPEC member, as well as Malaysia, Brunei, and China (Beijing),††This awkward term is the one agreed upon by both China (Beijing) and China (Taipei) for international comparisons. will remain or become significant suppliers of oil, but the region as a whole will continue to depend on the Middle East for most of its oil imports. Meanwhile, major structural changes are occurring downstream. Large-scale refining build-ups in the Middle East, Indonesia, and to a lesser extent Malaysia will result in changes in product movements that will have an impact on the balance of the entire market in petroleum products. The purpose of the APESC VII Conference was to examine these anticipated changes in the supply and demand patterns of regional petroleum products, to identify options and opportunities, and to explore possible future modes of cooperation between Asia-Pacific countries and OPEC oil exporters.

Suggested Citation

  • Fesharaki, Fereidun & Valencia, Mark J. & Smith, Kirk R., 1986. "Executive summary," Energy, Elsevier, vol. 11(4), pages 327-334.
    • Handle: RePEc:eee:energy:v:11:y:1986:i:4:p:327-334
    DOI: 10.1016/0360-5442(86)90118-0
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