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Re: itsmikie post# 4468

Wednesday, 08/30/2006 8:25:42 PM

Wednesday, August 30, 2006 8:25:42 PM

Post# of 54876
From the WorldOil.com article:

"A fortunate confluence of opportunity and technology has led Cengroup Petroleum to sign an oil production contract with the Azeri government to begin the oil-gathering process. Using a relatively new hydrophobic oil spill product (two years on the market), the company will apply the material to collect spilled oil for processing and sale.

The company estimates that some 250 million bbl of surface oil are spread across Azerbaijan's land and water. According to the company, this is augmented each year by 1 million new bbl of leaked oil."
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