Sentence examples for share of reserves from inspiring English sources
The Scottish government published a new report on North Sea oil and independence on Tuesday arguing that, with a full geographic share of reserves, Scotland would gain the lion's share of up to £1.5 trillion of untapped oil and gas over the next 40 years.
In that case, the lion's share of reserves now in the Gap, currently jointly exploited with the proceeds split 50-50, would come to lie inside East Timor's economic zone.Estimates of worth vary, but the three main oil reserves in the Timor Gap, Sunrise-Troubadour, Bayu-Undan and Elang-Kakatua, contain a projected total of 500m barrels of oil, worth $17 billion at today's prices.
Harris noted that there was an unusually high dollar share of reserves in central banks at the start of the decade, and that the greenback is still clearly the dominant component of foreign exchange holdings.
As chart 15 shows, this reserve accumulation is still continuing apace.Exactly what share of these reserves flowed into American assets is a matter of whose statistics you look at.
In fact, the euro hasn't lost very much of its share of global reserves over the past year, despite the worsening crisis.
Hundreds of hotels use up a large share of freshwater reserves, with each four-star room consuming 300 litres a day.
"By far the largest share of undeveloped reserves remain under state control, and in large part open only to national oil companies.
To attract partners, Pemex would have to grant them a share of any reserves they find, which is forbidden under Mexico's constitution.
Still, it took 10 years after the end of World War II and a 30 percent devaluation of the pound before the share of dollar reserves in the world exceeded that of sterling.
After the nationalization of its oil assets in Libya and Kuwait, BP might have gone bankrupt, Mr. Bower says, had it not been for the company's share of oil reserves in Alaska's North Slope.
His country will eventually reduce the dollar's share of its reserves, he said last month, but not for a long time: "There's no alternative yet".SDRs' potential is limited by the fact that only governments use them.
