EXHIBIT 23.2

                       CONSENT OF INDEPENDENT ACCOUNTANTS

We hereby consent to the incorporation by reference in the Prospectus
constituting part of this Registration Statement on Form S-3 of our report
dated April 9, 1996 appearing on page F-2 of American International Petroleum
Corporation's Annual Report on Form 10-K for the year ended December 31, 1996.
We also consent to the reference to us under the heading "Experts" in such
Prospectus.

/s/ Price Waterhouse LLP
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Price Waterhouse LLP
Houston, Texas
December 18, 1997