The politicians and activists of “green movement” like to speak about possibility of renewable sources of energy. Buy hydrocarbon fuel still remains the most popular and claimed one in the world.
It is not accidental that every year tens of billions dollars are spent for search, exploration and production of oil and natural gas and the world biggest hydrocarbon makers, such as Saudi Arabia, USA, Canada and Kuwait, are among the richest countries in the world. Business Insider made a list of 18 countries with the biggest resources of oil and natural gas using “Annual Statistical Review of World Energy.”
Table of top 18 countries with biggest hydrocarbon resources
Countries | Total estimate in today's prices (trillion USD) | Confirmed resources | ||
Oil (billion barrels) | Gas (trillion cub.m.) | |||
1 | Russia | 40.7 | 87.0 | 32.9 |
2 | Iran | 35.3 | 157.0 | 33.6 |
3 | Venezuela | 34.9 | 297.6 | 5.56 |
4 | Saudi Arabia | 33.0 | 265.9 | 8.5 |
5 | USA | 28.5 | 35.0 | 8.5 |
6 | Canada | 20.2 | 173.9 | 1.98 |
7 | Iraq | 18.0 | 150.0 | 3.59 |
8 | Qatar | 16.4 | 23.9 | 25.06 |
9 | UAE | 13.8 | 97.8 | 6.09 |
10 | China | 13.2 | 17.3 | 3.1 |
11 | Kuwait | 11.8 | 101.5 | 1.78 |
12 | Turkmenistan | 9.7 | 0.6 | 17.5 |
13 | Australia | 3.9 | 3.76 | |
14 | Nigeria | 6.8 | 37.2 | 5.15 |
15 | Kazakhstan | 6.8 | 30.0 | 1.29 |
16 | India | 6.5 | 5.7 | 1.33 |
17 | Libya | 6.0 | 48.0 | 1.55 |
18 | Algeria | 3.4 | 12.2 | 4.5 |
- Confirmed coal resources of India - 60.6 million tons - Confirmed coal resources of Australia - 76.4 million tons - Confirmed coal resources of USA - 237.2 million tons - Confirmed coal resources of Russia - 157.0 million tons | ||||
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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