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November 3, 2006       Share:    

Source: http://www.jpost.com/indexc.html

Israel Pushes to Reduce Oil Dependency

[Jerusalem Post] Amir Mizroch and Ryan Nadel - The National Infrastructures Ministry's Fuel Authority is drafting a strategy to reduce Israel's dependency on petroleum. In the past, Israel imported oil from Egypt, the North Sea, West Africa, and Mexico, but now imports 90% of its oil from Russia and the Caspian region. Israel consumes about 80 million barrels of oil annually - 270,100 barrels per day - 42nd of 211 countries.

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