This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/africa/573487-north-africa-massive-oil-gas-discovery/
The article has changed 3 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Massive oil and gas deposits discovered in North Africa – media | |
| (1 day later) | |
| The recent find reportedly extends through vast territories of Libya and Tunisia | |
| Two large oil and gas basins have been discovered between Libya and Tunisia, Afrigate News reported earlier this week, citing the report by the US Geological Survey (USGS). | |
| The first giant deposit extends along the eastern Tunisian coast with a smaller part located on-shore and the rest embedded off the coast. It runs from the shores of the city of Bizerte and the Gulf of Tunis, through to the city of Misrata. | The first giant deposit extends along the eastern Tunisian coast with a smaller part located on-shore and the rest embedded off the coast. It runs from the shores of the city of Bizerte and the Gulf of Tunis, through to the city of Misrata. |
| Another field was discovered in Libya’s Gulf of Sidra off the coast of Sirte, according to the USGS report. | Another field was discovered in Libya’s Gulf of Sidra off the coast of Sirte, according to the USGS report. |
| In its first assessment, the US government agency said that the findings in the African countries contain a total of 4 trillion barrels of oil and 385 billion cubic feet of natural gas, which is the equivalent of 1.47 trillion barrels of liquefied natural gas. | In its first assessment, the US government agency said that the findings in the African countries contain a total of 4 trillion barrels of oil and 385 billion cubic feet of natural gas, which is the equivalent of 1.47 trillion barrels of liquefied natural gas. |
| According to preliminary estimates, Libya’s oil and gas reserves could double as a result of the discovery, while Tunisia could become a major North African energy producer. | According to preliminary estimates, Libya’s oil and gas reserves could double as a result of the discovery, while Tunisia could become a major North African energy producer. |
| In 2021, Libya was the seventh-largest OPEC crude oil producer and the third-largest in Africa, after Nigeria and Algeria, according to the US Energy Information Administration (EIA). Libya holds 3% of the world’s proven oil reserves and 39% of Africa’s proven reserves. | In 2021, Libya was the seventh-largest OPEC crude oil producer and the third-largest in Africa, after Nigeria and Algeria, according to the US Energy Information Administration (EIA). Libya holds 3% of the world’s proven oil reserves and 39% of Africa’s proven reserves. |
| Meanwhile, the EIA estimates Tunisia’s formations hold 23 trillion cubic feet of proven shale gas reserves and 1.5 billion barrels of technically recoverable shale oil resources. | Meanwhile, the EIA estimates Tunisia’s formations hold 23 trillion cubic feet of proven shale gas reserves and 1.5 billion barrels of technically recoverable shale oil resources. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |