Oil extraction to quadruple thanks to discovery of new deposits

Polish Oil and Gas (PGNiG) announced in a statement yesterday that they dis covered two new deposits of crude oil in Międzychód, in the western Wielkop olskie voivodship. The deposits have an estimated total capacity of between 100 - 150 million tons of crude oil and will mean that the country will be able to increase oil extraction to two million tons annually within a period of three to four years, and in a longer perspective up to three million tons per year. This means that extraction of crude oil could grow four times, as in 2002 it amounted to only 468,000 tons. The deposits cover an area of over 100 square kilometers, nearby an earlier discovered deposit of oil and gas in Międzychód. (www.polskieradio.pl) A.K.