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Buguldyekan Economy
Topic Started: 9th September 2016 - 06:21 PM (87 Views)
Zee
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Economy

Petroleum
Buguldyekan Federation has proven crude oil reserves of 104 billion barrels, estimated to be 10% of the world's reserves. According to the constitution, all natural resources in the country are state property. Buguldyekan currently pumps 2.9 million Barrel and its full production capacity is a little over 3 million bpd.

Tourism

Tourism accounts for 1.5 percent of the GDP. In 2015, the tourism industry generated nearly $500 million in revenue. Most tourists are citizens of TIO countries. Yachting is a popular activity, Buguldyekan is the largest leisure boat market in the Ardian Peninsula. The modest level of tourism is partly attributable to difficult visa conditions and alcohol ban.

The annual "Buguld" festival attracts many tourists from neighboring countries, and includes a variety of events including music concerts, parades, and carnivals. The festival is a month-long commemoration, and runs from February 1 to February 28.
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