00:00Central European Petroleum has announced the discovery of Poland's largest oil deposit in a decade,
00:07located off the country's Baltic Sea coast.
00:11Preliminary figures suggest the site contains 22 million tons of crude oil,
00:16along with 5 billion cubic meters of commercial-grade natural gas.
00:20That would more than double Poland's current estimated oil reserves,
00:24which stood at around 20.2 million tons in 2023.
00:28The find could play a key role in reducing Poland's dependence on imported fossil fuels,
00:34particularly as the country looks to strengthen its energy autonomy.
00:38Nevertheless, experts told Euronews the discovery will not shake up the European energy balance,
00:43although it will likely fuel investment into oil discovery in the Baltic Sea.
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