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The Israel gas outline agreement requires Noble Energy to reduce its 36 percent stake in Tamar to 25 precent by 2022 for antitrust reasons.
The partners in the Tamar natural gas reservoir will invest $265 milion in drilling Tamar 8 and constructing infrastruture. The partners Delek Drilling, Avner Oil...
Isramco Ltd. and Modiin report estimates total potential gas reserves of 8.9 TCF, in Daniel licenses, comparable with Tamar.
Finance Minister Moshe Kahlon said in an interview that the gas agreement must be changed and the monopoly broken up.
Under Article 52 of the Restrictive Trade Practices Act
Delek Group's energy production units reported higher revenue and lower costs in the first quarter.
The announcement came as a total surprise for Noble Energy, which retaliated by announcing a freeze on investments in Israel, including the further development...