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The Eastern Mediterranean`s sea-bed treasures

The Eastern Mediterranean`s sea-bed treasures

By Erato Kozakou-Marcoullis

There is a huge potential for hydrocarbons in the Eastern Mediterranean region, both in terms of supply and of transport of gas. The US Geological Survey estimated back in 2010 that 122 trillion cubic feet (tcf) of Natural Gas and 1,68 bbl of oil are located in the Levant Basin Province and 223 tcf and 1.76 bbl, in the Nile Delta Basin Province.

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