Israel produces almost no Oil and imports nearly all its oil needs (around 274,000 bbl/d in 2004). Traditionally, major oil import sources have included Egypt, the North Sea, West Africa, and Mexico. In recent years, however, Israel has stepped up its imports from Russia and the Caspian region (Kazakhstan, Turkmenistan, etc.) and now reportedly gets a majority of its oil from the former Soviet Union. Israels Oil Refineries Ltd. (ORL) also reportedly has negotiated with Mexico for annual supplies of around 3.7 million barrels (10,000 bbl/d), and in late November 2002, ORL signed a deal to purchase around 10,000 bbl/d from Angola at a cost of $100 million per year.