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Does Eritrea have Petroleum Oil?

Eritrea is believed to own massive oil and gas reserve. but the government doesn’t seem to be too interested in exploiting them—for now
Eritrea is believed to own massive oil and gas reserves but the government doesn’t seem to be too interested in exploiting them—for now

By TesfaNews,

This week, a report released by the Oilprice.com Energy Intelligence unit claimed that Eritrea, a country located in one of the few unexplored places left in the world, has virtually sitted on a massive oil and gas reserve than any other country in the region.

The country’s potential in natural resources – especially gold and base metals – have been confirmed by a multitude of exploration and mining companies that are currently operating in the country.

But how much do we known about the existence of petroleum and natural gas, let alone the potential, in the country? Does Eritrea really have oil?  Continue reading Does Eritrea have Petroleum Oil?