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    Bosnia poised for oil find - 29 June 2008

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    Al Jazeera English

    by Al Jazeera English

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    Bosnia calls itself the Olympics of the oil and gas industry. As record oil prices continue to cause concern around the globe, the world's leading consumers and producers are in Madrid, Spain's capital, for the 19th World Petroleum Congress.

    A similar meeting in Saudi Arabia failed last week to produce any agreement on what to do about soaring oil prices, but the conference in Madrid is suppose to better the dire situation.

    Al Jazeera's Alan Fisher reports from Bosnia where the country is on the verge of a major oil find and how high oil price could be good news for one corner of Europe.