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→Economy
==Economy==
==Economy==
[[File:Brunei Capital.jpg|thumb|Bandar Seri Begawan, the capital.]]
Brunei’s economy has enjoyed moderate growth in the mid-2000s, primarily due to high world oil and gas prices. At 3.7% GDP growth in 2006, Brunei had the lowest rate of any ASEAN member nation. Weak oil prices, the East Asian financial crisis, and the collapse of the Amedeo Development Corporation all contributed to very low growth rates in the late 1990s and early 2000s.
Brunei’s economy has enjoyed moderate growth in the mid-2000s, primarily due to high world oil and gas prices. At 3.7% GDP growth in 2006, Brunei had the lowest rate of any ASEAN member nation. Weak oil prices, the East Asian financial crisis, and the collapse of the Amedeo Development Corporation all contributed to very low growth rates in the late 1990s and early 2000s.
Brunei Shell Petroleum (BSP), a joint venture owned in equal shares by the Brunei Government and the Royal Dutch/Shell group of companies, is the chief oil and gas production company in Brunei. It also operates the country's only refinery. BSP and four sister companies--including the liquefied natural gas producing firm BLNG--constitute the largest employer in Brunei after the government. BSP's small refinery has a distillation capacity of 10,000 barrels per day. This satisfies domestic demand for most petroleum products.
Brunei Shell Petroleum (BSP), a joint venture owned in equal shares by the Brunei Government and the Royal Dutch/Shell group of companies, is the chief oil and gas production company in Brunei. It also operates the country's only refinery. BSP and four sister companies--including the liquefied natural gas producing firm BLNG--constitute the largest employer in Brunei after the government. BSP's small refinery has a distillation capacity of 10,000 barrels per day. This satisfies domestic demand for most petroleum products.
[[File:Brunei Accommodation in Bandar Seri Begawan.jpg|thumb|left|Accommodation in Bandar Seri Begawan.]]
The French oil company Total (then known as ELF Aquitaine) became active in petroleum exploration in Brunei in the 1980s. The joint venture Total E&P Borneo BV currently produces approximately 35,000 barrels per day and 13% of Brunei’s natural gas.
The French oil company Total (then known as ELF Aquitaine) became active in petroleum exploration in Brunei in the 1980s. The joint venture Total E&P Borneo BV currently produces approximately 35,000 barrels per day and 13% of Brunei’s natural gas.