1. Natural Energy Resources in Turkey
Turkey, a candidate for a full membership to EU, is located close to 70% of the world's oil and gas reserves. ... Clearly, the project is aimed at loosening Russia's dominating grip on oil and gas. ... As said above, the EU relies on imports for almost 80% of its oil supplies and indigenous oil supply is expected to move below 10% of consumption in maybe less than ten years. Without any doubt, the EU security of oil supply is fundamentally a question of the security of supply to be expected from the global oil market too. ... At present oil price levels the EU's oil bill for imp...
- Word Count: 6977
- Approx Pages: 28
- Has Bibliography
- Grade Level: Undergraduate