OPEC Fund analyzes developing-country energy needs

Journal Article · Mon Sep 01 00:00:00 EDT 1980 · Energy Int.; (United States)

OSTI ID:6974385

Traill, S

The Organization of Petroleum Exporting Countries (OPEC) Fund recommends that investments in the energy sector of developing countries (representing 50 percent of the world's population and 15 percent of its energy consumption) be given a closer analysis. Economic growth in these countries depends on their receiving a larger share of energy and underscores the need to develop alternatives to oil. With financing the major problem, international aid efforts should give more attention to a country's internal structure and to developing long-term energy balances. The report favors coordinated aid efforts in the form of capital and management policies and a shift to hydroelectric and other renewable sources. OPEC estimates that between $27 and $35 billion a year will be needed for energy development in the Third World countries. It suggests that half of this amount should be generated internally, $4 to $6 billion should come from governments of developed countries and international aid agencies, and the rest from foreign private investment. Co-financed energy projects and the net oil imports to non-OPEC developing countries and to the least-developed countries are listed. (DCK)

• OSTI ID: 6974385
• Journal Information: Energy Int.; (United States), Journal Name: Energy Int.; (United States) Vol. 17:9; ISSN ENEIB
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
290500 -- Energy Planning & Policy-- Research
Development
Demonstration
& Commercialization
COOPERATION
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ENERGY SOURCE DEVELOPMENT
FINANCING
INTERNATIONAL COOPERATION
INTERNATIONAL ORGANIZATIONS
INVESTMENT
OIL-EXPORTING COUNTRIES
OPEC
TECHNOLOGY TRANSFER