‘Australia's economy’

Oil and gas fields of Australia

  

  

  

The program of exploration of oil fields, began in 1950 with government support, contributed to a clear separation, at least 20 sedimentary basins; one in nine are now producing oil.

The most important deposits are located in areas Gipslend (Victoria), Карнарвон (Western Australia), Bonaparte (N.T. and Western Australia) and Cooper-Éromanga (South Australia and Квинсленд). In 1995-1996 were extracted 30 Billion. liters of oil, in t.ch. Almost half of the pool Gipslend.

Australia has almost reached the level of oil self-sufficiency, export of crude oil and condensate production in 1994-1995 was 35 млн. л, and imports - 77 млнMillionwhlh is much less than the level of local production.

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Minerals of Australia

Australia - the main producer of zinc and lead, which often occur together with silver. The most important area of ​​production of these metals - Mount Isa - Klonkarri in the western Квинсленде, there ore is supplied to enrichment facilities in Mount Ayse and Townsville.

Older, but still significant areas of extraction of these metals - Xian-Dundas in Tasmania (with 1882) and Broken Hill in the west- New South Wales (with 1883). In terms of metal content in 1995-1996 was produced 774 Thd. tons of lead ore. In the same year it was produced 1,3 Million. tons of zinc.

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Public finance of Australia

In Australia 1966 adopted a decimal monetary system. Australian dollar issued by the Reserve Bank of Australia, which regulates the rates, oversees the financial system.

In recent years, regulation of the banking sector is gradually weakened. For example, with 1983 foreign banks were allowed to conduct operations in Australia, and gradually reduced or erased the fundamental differences between different types of banks and between banks and other financial institutions, such as life insurance companies, construction companies and pension funds.

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