Azerbaijani Economic Development Minister discusses "World Energy 2008" report with BP representative

The meeting, also attended by BP macroeconomy specialist Tit Erken, heard the "World Energy 2008" report, prepared by the company.

Babayev said Azerbaijan is a world hydrocarbon supplier. Along with the oil sector, the country is also developing the non-oil sector.

Oil revenues are used to improve the social welfare of the citizens and develop human capital.  Building further activity on the basis of forecasts and reports is important for the country for development of world economy, in particular, energy. BP company's analysis in the sphere of energy are positive in this case.

In turn, Drebentsov highly evaluated the dynamic development of Azerbaijan's economy. He presented information about the "World Energy 2008" report.

He said BP has held the statistical analysis on energy reserves in the world for already 57 years and fixes them in the reports. These documents are used by the governments, companies, scientists and mass media. He mentioned a number of indicators of the current report. By statistical data, oil reserves in the world made 1,237.9 bln barrels in late 2007.

Of them, 61% fall on Near East and 11.6% on Eurasian regions.

Drebentsov also spoke of Azerbaijan's position in the said report.

/Day.Az/