Israel Oil Discovery in the Golan Heights: Massive Reserve Could Meet Domestic Demand
Thursday, October 8, 2015 | Tag Cloud | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – A company drilling for oil on the Golan Heights claims to have found “significant amounts” in the plateau.
“We’re talking about a layer 350 meters thick,” Yuval Bartov, chief geologist of Afek Oil and Gas, a subsidiary of the American company Genie Energy, told Channel 2.
The layer is ten times larger than the average oil find worldwide, Bartov said, “and that’s why we’re talking about significant amounts. What’s important is to know that there’s oil in the rock, and this we know.”
Three drilling sites on the Golan have uncovered what is potentially billions of barrels of oil, enough to fulfill the Israeli market’s 270,000-barrel-per-day consumption for a very long time, the report claimed. [ Source ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.