Oil reserves offshore of Ulcinj

Oil reserves offshore of Ulcinj
With potential sub-Adriatic oil reserves of seven billion barrels,Montenegro could one day become the home of scores of black gold billionaires. Eager to capitalize on this potential fossil fuel bonanza, the Montenegrin Ministry of Economic Development is preparing a working bill that will provide a legal foundation upon which a petroleum industry can be built. When realized, such a bill will likely attract the major investment needed to explore and then exploit the eserves which are believed to sit just offshore of Ulcinj. Vazhdo  Vazhdo

February 4, 2008  :: Lajmet / Vijesti :: Comments Off on Oil reserves offshore of Ulcinj
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