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Portugal’s choice between tourism and oil

Published on 26/05/2017

Portugal’s reputation as an oil producer has, so far, been limited to the tasty green stuff you pour over salads and sardines. That could be about to change, writes Paul Ames for politico.eu

The country may be sitting on untapped reserves of petroleum and natural gas, some onshore but most beneath its extensive territorial waters. There’s no commercial production yet but test wells indicate there’s oil down there, perhaps plenty of it.

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