NICKEL

Nickel Shortage Propels Philippines Mining Boom: Southeast Asia

MORE THAN 90% of China nickel imports are supplied by 2 countries – INDONESIA and the PHILIPPINES

 

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OIL AND PETROLEUM

 

According to the International Energy Agency (IEA), in 2011 the top ten oil-producing countries accounted for over 63% of the world’s oil production. As of November 2012, Russia produced 10.9 million barrels of crude per day, while Saudi Arabia produced 9.9 million barrels.

Top oil producers: According to IEA top 10 oil producer countries produced over 64 % of the world oil production in 2012. The top oil producers in 2012 were: Russia 544 Mt (13 %), Saudi Arabia 520 Mt (13 %), United States 387 Mt (9 %), China 206 Mt (5%), Iran 186 Mt (4 %), Canada 182 Mt (4 %), United Arab Emirates 163 Mt (4 %), Venezuela 162 Mt (4 %), Kuwait 152 Mt (4 %) and Iraq 148 Mt (4 %). In 2012 total oil production was 4,142 Mt.  In 2011 the world oil production was 4,011 Mt demonstrating an annually rising trend in oil production.

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