20 COUNTRIES OWN 94% OF OIL

The report states that 20 countries of the world own 94 percent of the hydrocarbon supply, totalling 1.4 trillion barrels. Out of that amount Azeri hydrocarbon supply totals 14 billion barrels (more than 1.9 billion tons).


According to the supply amount countries including Angola (16 billion barrels), Mexico (20 billion barrels) and China (24 billion barrels) outrun Azerbaijan.

Saudi Arabia remains in first place with 289 billion barrels and in last place is Norway with 10 billion barrels reports the news agency Regnum.

Azerbaijan NEW OIL FOUNTAIN

Now that BTC Pipeline (Baku-Tbilisi-Ceyhan) is finish, this country take a very important place in the world, BTC is the world biggest pipeline with 1170 km, now the country can supply the markets with 1 million barrels a day (possible to reach 1.5 million by the end of 2007), and with a parallel pipeline they can send millions of cubic meters of Gas.

MAP OF THE PIPELINE BTC

Even the highly conflictive region the return of investment worth it, Caspian Sea has aprox 200,000 millions of barrels.

This country is “manage” by Ilham Aliyev, that heir the power from his father after a black elections, but the US or Europe doesn’t care about that because they get what they want OIL and more OIL.

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