Search results
Results from the WOW.Com Content Network
This changed in 2006, when Israel's Government Companies Authority, headed by Eyal Gabbai started privatization processes. [18] On August 1, 2006, the Ashdod facilities were sold to the Paz Oil Company for 3.5 billion ILS. [19] In February 2007, 44% of the shares were sold to institutional investors. [20]
The economy of Israel is a highly developed free-market economy. [23] [4] [24] [25] [26] The prosperity of Israel's advanced economy allows the country to have a sophisticated welfare state, a powerful modern military said to possess a nuclear-weapons capability with a full nuclear triad, modern infrastructure rivaling many Western countries, and a high-technology sector competitively on par ...
(The data below does not seem to include shale oil and other unconventional sources of oil such as tar sands. For instance, North America has over 3 trillion barrels of shale oil reserves, [ citation needed ] and the majority of oil produced in the US is from shale, leading to the paradoxical data below that the US will finish all its oil at ...
Oil traders face a changed world heading into the new week. With the sudden eruption of war in Israel, following surprise attacks by Hamas, fear and uncertainty in markets could drive up crude oil ...
BP and an oil company owned by the United Arab Emirates have shelved talks to buy a 50% stake in Israel’s leading natural gas producer, judging the $2 billion deal too risky as the war in Gaza ...
Historically, Israel has imported natural gas through the Arish-Ashkelon pipeline from Egypt. [25] Egypt is the second-largest natural gas producer in North Africa. In 2005 Egypt signed a 2.5 billion-dollar deal to supply Israel with 57 billion cubic feet of gas per year for fifteen years. [26]
Oil plunged more than 6%. their biggest daily drop in more than two years after an expected Israeli retaliatory strike against Iran over the weekend spared the country’s petroleum infrastructure.
[26] On 19 February 2018, The partners in Israel’s Tamar and Leviathan natural gas fields signed $15 billion in deals to export natural gas to Egypt over 10 years. One accord calls for the sale of 3.5 BCM of natural gas annually from the Leviathan field, for a total of 32 BCM, estimating the sale from the Leviathan field to reach $7.5 billion ...