USGS has confirmed that Israel has also found crude oil in the natural gas field. As the exploration of the field continues deeper into the ground, 1.5 Billion barrels of oil has been found. It is thought by USGS that the field will contain 26 billion barrels of oil over time. Again, this the equal to the largest field of oil that Saudi Arabia has been pumping out oil since the fifties. Once tapped, this find will make Israel a very rich nation.
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