Tezislər / Theses

THE 3
rd
 INTERNATIONAL SCIENTIFIC CONFERENCES OF STUDENTS AND YOUNG RESEARCHERS 
dedicated to the 99
th
anniversary of the National Leader of Azerbaijan Heydar Aliyev
50
based projects for geological CO2 storage, anthropogenic resources, with other 
names, secondary and/or recycled resources sourced from wastes and remnants
.
Note: 
As an “umbrella” classification, UNFC captures all resources 
(mentioned previously) that no other classification system covers such a wide 
range (UNECE, "About UNFC" 2004). As systematic framework, UNFC 
classification system ensures level of confidence for evaluation of future 
quantities of production within the project, on the other side, provides 
international energy and mineral investigations, analysis on government 
policies for resource management, planning of industrial procedures and a 
rational deal with capital. In other words, this system covers the reflection of 
states in terms of economic and social domain, such as markets and 
government framework, industrial and technological maturity, and pervasive 
uncertainties. (United Nations Framework Classification for Fossil Energy 
and Mineral Resources. 2015) 
In UNFC classification, the categorization of total remaining resources 
is based on three key standards exposing their recoverability 
(Supplementary Specifications for the Application of the United Nations 
Framework Classification for Resources to Petroleum 2021):

Economic & commercial viability (E).
 

Field project status & feasibility (F). 

Geological knowledge (G). 
The first set of categorizations (
«E» axis
)
is utilized for portraying 
economic and commercial feasibility of project, considering market prices 
and proper legal, regulatory, environmental, and contractual specifications. 
The second set (
«F» axis
) expresses maturity of studies and commitments 
required to develop projects; including from initial endeavors for exploration 
before the conformation of deposit or accumulation existence within to 
project which is already make extraction and sale of commodity, together 
with reflectance of principles of standard value chain management. The third 
set of categorizations (