Albanian Minerals is investing in ArcelorMittal steel and Gazprom natural gas companies

(I-Newswire) July 29, 2010 - Demand and prices will grow for oil, natural gas, steel, cooper, aluminum, gold, silver, iron ore, uranium, chrome ore and other metals". Albanian Minerals President Sahit Muja said.
Sahit Muja said "ArcelorMittal, the world’s biggest steelmaker.World's largest steel producer ArcelorMittal reported a net profit of $1.7 billion in the April-June quarter on account of improved steel demand.
The company's sales increased to $21.65 billion in the second quarter ended June 30, 2010 from $15.17 billion in the year-ago period, thereby registering a growth of 43%".

Sahit Muja said 'China’s use of steel in 2010 is higher than 580 million metric tonnes around 600 million mmt. China is expected to account for 46% of the world’s steel use in 2011. India’s steel demand is expected to increase by 14% and in 2010 and 15% in 2011. India's steel demand showed steady growth during the economic downturn. Brazil's steel consumption may rise 35% to a record 25 million metric tons this year. Growth will be taken up by imports, which may surge 80% to an all-time high of 4.15 million tons. The US EU and global economy is set to recover and the global consumption of steel, oil and natural gas will increase. Steel consumption is expected to be 1.25 billion tonnes in 2010 an increase of 10% over 2009".

Sahit Muja said "Demand and prices will grow for oil, natural gas, steel, cooper, aluminum, gold, silver, iron ore, uranium, chrome ore and other metals". Albanian Minerals President Sahit Muja said."World need to spend $12 trillion a year a 20 % GDP in Infrastructure and energy sector to support growth of population and economy". Sahit Muja said " Russian company Gazprom is in my top list invest".

Mr Sahit Muja said "Gazprom Group possesses the world’s largest natural gas reserves. As of December 31, 2008 the Group’s resources 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".

Mr 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".
Mr Sahit Muja said Demand for energy and metals is increasing in China, India, Brazil, Indonesia, Turkey and Middle-Eastern countries.
This demand will push oil, natural gas, gold, and metal prices higher. While population and economy is rising oil, natural gas and metal demand is rising to".

About India National Information:
Indian Gov.

Company Contact Information
India National Information
A Block CGO Complex , Lodhi Road, New Delhi 110003
110003
Phone : 91-11-24368854