The Azerbaijan State News Agency

ECONOMY

RESULTS OF LATEST ASSESSMENTS

According to the chief geologist of “Azneft” Joint Venture Akif Narimanov, some 150 billion tons of oil reserves are available in the world. 80 % of oil in the world is in 350 oil fields. These fields provide with some 60 % of oil demand.

The latest calculation of oil reserves has proved existence in “Azeri-Chirag-Gunashli” field of 830 million tons of oil while the previous figure was 511 million tons.

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