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In 2010 the production of refined oil products increased by 4.5% and exceeded pre-crisis level

Thursday, Dec 20, 2012

Research and Markets (http://www.researchandmarkets.com/research/d5cdbf/israel_energy) has announced the addition of the "Israel Energy Report" report to their offering.

HIGHLIGHTS IN ISRAEL

In December 2010, exploratory drilling off Israel's northern coast has confirmed the existence of a major natural gas field with at least 490 bcm of gas. This should turn Israel into an energy exporter and the country may not need the gas that Russia planned to provide via the Blue Stream-2.

The Middle East consolidated its position as the largest net exporter of energy, mainly thanks to crude oil and natural gas producing countries (+3.6%). The production of refined oil products increased by 4.5% and exceeded pre-crisis level. Driven by Saudi Arabia and Kuwait consumption of refined oil products increased by 4.2%, while crude oil exports decreased by 0.5%.

Source: Business Wire

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