User:Kharbaan Ghaltaan/sandbox
State in eastern India / From Wikipedia, the free encyclopedia
Palestine, officially known as the State of Palestine, is a country in the southern Levant region of West Asia. It encompasses of two disconnection territories — the West Bank and the Gaza Strip. The country shares its borders with Israel to north, west and south, Jordan to the east and Egypt to the southwest. Palestine's combined land area is 6,020 square kilometres (2,320 sq mi) while its population exceeds five million people. Its proclaimed capital is Jerusalem while Ramallah serves as its administrative center and Rafah is currently its largest city. Arabic is the official language. The majority of Palestinians practice Islam while Christianity also has a significant presence. Palestine's history and image is shaped in its religious significance.
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The region of Palestine has played an important part in world history. The Canaanites, Israelites, Assyrians, Babylonians, Persians, Greeks, Romans and Byzantines all left their mark on the land. In addition to its historical significance, Palestine holds profound religious importance for Judaism, Christianity and Islam. Throughout history the region has seen periods of coexistence and conflict between different religious and ethnic groups. Notably, during the Middle Ages, when Jewish communities faced persecution, they found refuge and protection under Muslim rule and the wider Islamic world. The Ottoman Empire, which controlled Palestine from the 16th century until its collapse at the end of World War I, provided a sanctuary for Jews fleeing persecution in Europe. The end of the Ottoman rule marked a new chapter in Palestine's history. Following World War I, the British Empire assumed control of the region under the League of Nations mandate. The British Mandate for Palestine, established in 1920, brought significant changes to the political and social landscape of the area, setting the stage for the conflicts and struggles that would follow.
The establishment of the State of Israel in 1948 was accompanied by a war which led forced displacement of hundreds of thousands of Palestinians and created a large Palestinian refugee population.[1] Subsequent Arab–Israeli wars, including the Six-Day War in 1967, resulted in occupation of the West Bank and the Gaza Strip. In 1988, PNC, the legislative body of the Palestine Liberation Organization (PLO) led by Yasser Arafat, declared the establishment of Palestine. Signing of the Oslo Accords in the 1990s, negotiated between Israel and the PLO, aimed to establish a government. In 2007, internal divisions between Palestinian political factions led to a takeover of the Gaza Strip by Hamas. Since then, the West Bank has been governed by the Palestinian National Authority, led by Fatah, and the Gaza Strip under the control of Hamas.
The Palestinian Authority governs parts of the West Bank while Hamas controls the Gaza Strip. Currently the country is challenging from expansion of Israeli settlements in the occupied territories, impact of occupation, settler violence, blockade by Israel, restrictions on movement and ongoing security concerns. Current effort is advancing the Palestinian cause and achieving a just and lasting resolution to the conflict. The status of Jerusalem, territorial disputes and return of refugees remains unsolved. Palestine is a member of several international organizations including the Arab League and the Organization of Islamic Cooperation, and a non-member observer at the United Nations.[2] It is one of the most educated countries in the Arab world and the Middle East, with massive reserves of oil and gas. As of May 2024, Palestine is recognized as a sovereign state by over 72% of member states of the United Nations. It has been a non-member observer state of the United Nations since 2012.
Economy (!)
Oil and gas
Over 3 billion barrels (480,000,000 m3) of oil are estimated to exist off the coast and beneath occupied Palestinian lands. The Levant Basin holds around 1.7 billion barrels (270,000,000 m3) of oil, with another 1.5 billion barrels (240,000,000 m3) barrels beneath the occupied West Bank area. According to a report by the UNCTAD, around 1,250 billion barrels (1.99×1011 m3)of oil reserves exists in the occupied West Bank.[3] In the West Bank, according to the Palestinian Authority, 80% of Meged oil field falls under lands of Palestinians.
Masadder, a subsidiary of PIF is developing the oilfield in the West Bank. Block-1 field, which spans an area of 432 square kilometres (167 sq mi) from northwest Ramallah to Qalqilya in Palestine, has significant potential for recoverable hydrocarbon resources.[4][5] It is estimated to have a P90 (a level of certainty) of 0.03 billion barrels (4,800,000 m3) of recoverable oil and 6,000,000,000 cubic feet (170,000,000 m3).
Economy
Oil and gas
The presence of oil and gas reserves in Palestine is contentious. Over 3 billion barrels of oil are estimated to exist off the coast and beneath occupied Palestinian lands.[6] The Levant Basin holds around 1.7 billion barrels of oil, with another 1.5 billion barrels beneath the occupied West Bank area.[3] According to a report by the UNCTAD, around 1,250 billion barrels of oil reserves exists in the occupied West Bank.[3]
Over 3 billion barrels (480,000,000 m3) of oil are estimated to exist off the coast and beneath occupied Palestinian lands. The Levant Basin holds around 1.7 billion barrels (270,000,000 m3) of oil, with another 1.5 billion barrels (240,000,000 m3) barrels beneath the occupied West Bank area. According to a report by the UNCTAD, around 1,250 billion barrels (1.99×1011 m3)of oil reserves exists in the occupied West Bank.[3] In the West Bank, according to the Palestinian Authority, 80% of Meged oil field falls under lands of Palestinians.
Masadder, a subsidiary of PIF is developing the oilfield in the West Bank. Block-1 field, which spans an area of 432 square kilometres (167 sq mi) from northwest Ramallah to Qalqilya in Palestine, has significant potential for recoverable hydrocarbon resources.[4][5] It is estimated to have a P90 (a level of certainty) of 0.03 billion barrels (4,800,000 m3) of recoverable oil and 6,000,000,000 cubic feet (170,000,000 m3).
Block-1 field, which spans an area of 432 square kilometres (167 sq mi) from northwest Ramallah to Qalqilya in Palestine, has significant potential for recoverable hydrocarbon resources.[4][5] It is estimated to have a P90 (a level of certainty) of 30 million barrels of recoverable oil and 60 billion cubic feet
of recoverable gas.[4]
Recognizing the importance of oil and natural gas development for sustainable economic growth in Palestine, the Palestine Investment Fund, through Massader, has prepared an investment program for the development of the West Bank Oil Field, also known as the "Block 1 Field."[4] The estimated cost for the development of the field is $390 million, and it will be carried out under a production sharing agreement with the Government of Palestine.[4][7][8] Currently, an initial pre-exploration work program is underway to prepare for designing an exploration plan for approval, which will precede the full-fledged development of the field.[4]
Around 2 billion barrels (320,000,000 m3) of oil reserves are beleived to exist in shore of the Gaza Strip. While 1,250 billion barrels (1.99×1011 m3) of oil reserves are in the occupied Palestinian territory of the West Bank, probably the Meged oil field. As per the Palestinian Authority, 80% of this oil field falls under the lands owned by Palestinians.
Israel has started taking 500 barrels per day (79 m3/d).