Israel: Gas, Oil and Trouble in the Levant – English

The modern Levant

The modern Levant (Photo credit: Wikipedia)

This is one of Russian newspaper Pravda‘s most read news stories at the moment. It’s a RECOMMENDED READ, in my view. Check it out!

Israel: Gas, Oil and Trouble in the Levant – English

It’s very interesting that Russian companies failed to invest in Israel and Cyprus but are now strongly backing an alternative strategy, investing in Syria‘s offshore potential. Be in no debt, the Levant is strategic and will become increasingly so, in geo-political terms. Russia signed an important deal on Christmas day whilst the Western mainstream media were focused elsewhere.

With Cyprus part of the EU, I want to know why the EU is not investing heavily in the offshore gas and oil potential of Cyprus?

Any thoughts?

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4 responses

  1. Pingback: America resembling anti-democratic regime – Russia’s moment to lead – English « Dr Alf's Blog

  2. Pingback: Ecology above economics – English « Dr Alf's Blog

  3. Greetings. I have since found an estimate which makes even the above, pale – from the US Geological Survey, no less, in 2010. The same US that was putting out that gong in to Syria was purely humanitarian (as if) after all, the country had little oil which was running out etc., blah. Hang on to your jaw:

    In their: “Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean”, the US Department of the Interior’s US Geological Survey, wrote in 2010: “We estimated a mean of 1.7 billion barrels of recoverable oil and a mean of 122 trillion cubic feet of recoverable gas in this province using a geology based assessment methodology.”

    There’s trouble ahead.

    Best, felicity a.

  4. Pingback: Chinese companies eye US new energy – People’s Daily Online « Dr Alf's Blog

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