ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Saudi Arabia
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Iran
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Israel
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Kuwait
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Detailed explanation-1: -These deposits comprise the 3rd largest shale oil reserve in the world and expect to yield 250-500 billion barrels of oil. Many experts believe that Israel has a volume of oil in this reserve and other undiscovered shale oil reserves equivalent to that of Saudi Arabia.
Detailed explanation-2: -Oil shale in Israel is widespread but an undeveloped resource, largely because of economic and technological constraints. Israeli oil shales belong to the group of Upper Cretaceous marinite deposits. Although oil-shale deposits may lie under as much as 15% of the country, only a small part of these are mineable.
Detailed explanation-3: -Once completely reliant on imports of oil and gas, Israel is now self-sufficient and an exporter of natural gas. The first significant find was the Tamar gas field, discovered by U.S. company Noble Energy (recently acquired by Chevron) and its local partners.