Sentences with phrase «untapped oil resources»
The large nations will be less interested in the usable space and more keen on the possibility of exploiting the relatively untapped oil resources of these areas for strategic economic positioning.
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As a resource it is largely untapped because markets traditionally rely on oil, a far more secure supply.
The Anglo - Dutch group said the BG takeover would expand its presence in controversial deep - water activities — many of the planet's untapped fossil fuel resources are now in ocean regions that are difficult to access — but said it would also increase its presence in liquefied natural gas, a cleaner fossil fuel than oil.
That is especially true for Afghanistan's wealth of natural resources, which include around a trillion dollars of untapped minerals and substantial reserves of oil and gas.