5 octombrie 2008

pareto principle in the oil business

Interesting point made by Matija Zlamalik from JBC Energy on the control of global oil reserves: 77% of the total oil reserves belong to the national oil companies (therefore they belong to the state) and just 10% belong to the independent oil companies and 7% to the joint venture between national and independent.
Do you ask yourself to whom it belong the rest of 6%? well, an again interesting point made during the presentation: to the Russian oil companies.

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