Connect with us

Hi, what are you looking for?

Jewish Business News


Larry Mizel in advanced talks to buy Karish, Tanin

The US businessman could close a deal to buy the two small Israeli offshore gas fields from Delek by August.

Sources inform “Globes” that US businessman Larry Mizel is in advanced talks to buy Israel’s Karish and Tanin gas fields. Both fields are currently owned by Delek Group Ltd. controllerd by Yitzhak Tshuva. The final version of the gas outline agreement, authorized by the cabinet in May, stated that these fields will be sold to a third party within 14 months.The Karish and Tanin fields total 60-80 billion cubic meters (BCM) of gas and so far more than NIS 700 million has been invested in them. The fields were owned by Delek and Noble Energy until Delek acquired Noble’s 47% share of the fields in November 2015 in order to follow the schedule for field sale set out in the outline agreement. The stake wassold for $67 million.Read the full story at Globes by Hedy Cohen




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.