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Scottish Business and Economy Industries • Agriculture, banking and finance, computing, construction, defence, electronics, emergency services, fishing, food and drink, forestry, life sciences, oil and gas, renewable energy, shipbuilding, textile, tourism, transport. Oil and Gas • North sea oil reserves stand at two billion tonnes of oil – as much has been produced over the last 25 years • Scotland’s gas fields contain a maximum remaining reserve of 1330 billion cubic metres • Scotland’s oil and gas companies are increasingly exporting their proven expertise to global markets • Scotland’s vast experience in subsea technology means Scottish technology is being used to discover new oil fields across the world • Scotland’s oil and gas industry generated a record £15.4 billion in export sales from 2008-2009 Oil and Gas • More than 150,00 people (six percent of the working population) are employed by over 2000 companies in Scotland’s oil and gas • Scotland’s oil and gas workforce benefits from five training and research centres Renewable Energy • By 2020, The Scottish Government aims to produce 100% of Scotland’s annual electricity consumption and 11% of Scotland’s heat demand • Scotland has 25% of Europe’s tidal potential, 10% of its wave potential and 25% of offshore wind resources • Wind power is now more common than hydro power as a form of renewable energy Tourism • £11bn industry • Pays wages of 200,000 people working in Scotland • 4th largest export earner • Event tourism is one of the fastest growing industries • Sustainable and permanent industry Whisky • The whisky industry generates around £4 billion a year • It employs around 36,000 people • The top five export markets (by value) are: USA, France, Singapore, Germany and Spain Whisky • Of Scotland’s Whisky regions, Speyside has the most distilleries • Campbeltown is the smallest Whisky region and only has five distilleries • Whisky is made from three basic ingredients: water, barley and yeast • Whisky is made through malting, mashing, fermentation, distillation and maturation • It has to be legally matured for three years before it can be sold Thank You for Listening Danke für Ihre Aufmerksamkeit Merci de votre attention Grazie per l’ascolto