Russia, Albanian Minerals is investing in Gazprom natural gas and oil company
Online, July 23, 2010 (Newswire.com) - President and CEO of Albanian Minerals Sahit Muja said " Russian company Gazprom is in my top list invest".
Sahit Muja said "Gazprom Group possesses the world's largest natural gas reserves. As of December 31, 2008 the Group's A+B+C1 resources were estimated at 33.1 trillion cubic meters. According to the international PRMS standards the Group's proven and probable hydrocarbon reserves are estimated at 27.3 billion tons of fuel equivalent and valued at USD 230.1 billion.
With 17 per cent of the global gas production, Gazprom Group is the leader among the world's oil and gas companies".
Sahit Muja said "Gazprom is the most profitable company in the world. Gazprom profit was $24.33 billion according to this year's ranking, overtaking ExxonMobil, which reported profits of $19.28 billion".
Sahit Muja said"Increasing demand for energy in China, India, US, EU, Japan, Brazil, Canada, Latin America, Indonesia, Africa and Middle-Eastern countries this demand and competition will push oil, natural gas, gold, and metal prices higher. While population is rising oil, natural gas and metal demand is rising to".
Sahit Muja said "With 1.3 billion people, the People's Republic of China is the world's most populous country and the largest energy consumer in the world.China has been undergoing a process of industrialization and the fastest growing economies in the world.Gross domestic product growing at a rate of 10% a year, China's need for energy is projected to increase by 150 percent by 2020. To sustain its growth China requires increasing amounts of consumption for oil and natural gas."
Sahit Muja said"With 1.2 billion people Indian economy is accelerating and could reach double-digit growth by 2013. To sustain its growth India requires much more oil and natural gas".
Sahit Muja said "I have a full confidence in the leadership of the CEO of Russia's gas giant Gazprom, Alexei Miller".