Wednesday, 26 October 2011

O is for oil

At last. Good news for Israel. 2 large natural gas reservoirs have been found off-shore: Tamar in 2008 and Leviathan in 2010.

Tamar holds enough for Israel for the next 20 years. Leviathan, thought to be the world's largest off-shore discovery in the last 10 years is twice the size.

Israel and Cyprus will need to work together to exploit these resources and add stability to the region.

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