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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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From: canucklehead805/14/2012 8:50:19 PM
   of 4690
 
Where East Meets West
Greenfields Prospers With Oil and Gas in Azerbaijan
By G Joel Chury

Independent only since 1991, the former Soviet republic of Azerbaijan is a small country with a population of only nine million. It is, however, rich in oil and gas, and development of these resources for export is increasingly central to Azerbaijan’s burgeoning prosperity. Its state-owned oil fund currently brings in US$5 billion per quarter or US$625 per capita every 90 days.

Oil tankers are filled every six to 10 days on the Black Sea, while the country gears up for the completion of natural-gas pipeline routes into neighbouring Georgia and Turkey for European distribution. Britain’s BP and France’s TOTAL SA are among the majors in the region, but a junior headquartered in Houston, Greenfields Petroleum TSXV:GNF, thrives with its production from the Gum Deniz oilfield and the Bahar gas field.

Read more about Greenfield's central Asian oil and natural gas play.
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