Oil bonanza expected off Latvia coast...
RIGA - Representatives from companies searching for oil deposits in Latvian territorial waters said after a meeting with President Andris Berzins at the House of the Blackheads on May 20 that they were optimistic and hopeful, reports LETA.
Kuwait Energy Company representative Mohammed Al-Howqal told reporters after the meeting that his company was optimistic and hopeful, but declined to say whether, and how much, oil could be found in the Baltic Sea.
Work is continuing on schedule, said Al-Howqal, adding that the company has made significant investments in the project, but they will...
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