hurleyjd
Well-known member
greybeard":2g69aish said:It's my understanding, that Israel has a relatively small crude oil reserve and potential--same with Israel's surrounding neighbors Syria, Jordan, Lebanon, and Egypt, not that there hasn't been plenty of exploration in the area--it just isn't there. Most of the mideast oil and gas is over on the Persian Gulf side, not on the Mediterranean side I assume because of geological reasons. Israel lists very close to last in the top 100 producers in the world, and so close to the bottom of % of world production that it is listed as zero percent.
Russia hasn't forgotten it's bad experience in Afghanistan, and I doubt they would want to try that type endeavor again any time soon.
They already have port of call agreements in Egypt, Iran, Saudi Arabia, Syria, without having to do any shooting.
http://en.wikipedia.org/wiki/List_of_co ... production
Israel has discovered a great gas field off shore. Working with one of the USA companies developing it. Looking to Europe as their customer.