Petroleum production in developing countries: problems and prospects

Journal Article · · J. Energy Dev.; (United States)

OSTI ID:6791169

Lowinger, T C

This paper analyzes the supply response of non-OPEC developing countries to the sharp increase of oil prices since 1973-74. As a consequence of the higher price, oil-consuming nations have a greater incentive to economize in their use of oil, to develop domestic sources of petroleum, and whenever economically feasible, to substitute alternative forms of energy for petroleum. The less-developed countries (LDCs) are faced with the twin burdens of paying for a steadily mounting oil import bill to maintain their current levels of economic activity while also generating additional resources for investment in the exploration for and development of domestic energy sources. The ratio of LDC external debt to exports of goods and services has climbed from 80% in 1974 to almost 100% in 1978-79. The higher debt-service requirements increase the burden. The oil prospects of non-OPEC LDCs, with the exception of Mexico, appear unlikely to reduce their dependence on imported oil. The World Bank's expanded role is the single ray of hope. 18 references, 2 figures, 6 tables.

• Research Organization: Washington State Univ., Pullman
• OSTI ID: 6791169
• Journal Information: J. Energy Dev.; (United States), Journal Name: J. Energy Dev.; (United States) Vol. 7:2; ISSN JENDD
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
DEVELOPING COUNTRIES
ENERGY SOURCE DEVELOPMENT
ENERGY SOURCES
FOSSIL FUELS
FUELS
OIL-IMPORTING COUNTRIES
PETROLEUM
PRICES
PRODUCTION