Patriciu: Black Sea Has Huge Oil&Gas Reserves, May Replace Russia’s Power Intake

The oil and gas reserves in the Black Sea are so high that they could even replace Russia’s intake as international energy supplier, Romanian businessman Dinu Patriciu told Thursday the Black Sea Energy and Economic Forum. "The Black Sea reserves are huge," Patriciu said Thursday, contradicting his previous statements. Early February, he was saying there are not enough oil and gas reserves in the Black Sea and that he is not interested in exploring them. "We're dealing with a great ...

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