Ireland finds oil near its shores

Ireland is on the verge of obtaining unexpected revenue, which is expected to provide additional billions in finance official Dublin difficulties.

Welcome news for the nation with 4.6 million was given by the company "Providence Resources Plc," which after some testing, confirmed the existence of a major oil reserve off the coast of Ireland.

Situated 30 miles from the city area of Korkut is believed to have a total reserve of 280 million barrels of oil.

The money will win the state will depend on the costs of building platforms, licensing them to private companies and the price in international markets at the time of sale of the product, but it is expected that additional income to provide a great help in regeneration Irish finance, the country that called for a major loan of 75 billion euros from the EU in 2011, to fill the void created in the state deficit.

"After decades of research on the Irish coast, we finally managed to write this success story. This is great news for Irish companies and oil all across our nation, "said Tony O'Really, chief executive of the company," Providence ", what led the study of the coast.