OGJ NEWSLETTER

OPEC Sec. Gen. Subroto has urged Japan to provide an unspecified level of funding to help OPEC raise productive capacity to prepare for a tighter crude oil market. Subroto told Hikaru Matsunaga, minister of international trade and industry, OPEC will need $60 billion in foreign aid to boost capacity 6-7 million b/d by 1995. Matsunaga said the Japanese government will carefully consider the request. Japan imported 3.59 million b/d in 1989, 76.5% of it from OPEC and an 8.2%, gain from 1988

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