Israel Approves Doubling Oil & Gas Taxes

Israel Approves Doubling of Taxes on Oil and Gas Extraction Profits New York Times By ETHAN BRONNER Published: January 23, 2011 JERUSALEM — The Israeli government on Sunday approved a near doubling of the profit tax on gas and oil extracted from its territory, a move...

Oil Discovered in Northern Israel

In case anyone missed it last summer, oil has been discovered in Northern Israel. We’re not waiting for an oil discovery – it’s already happened! The oil has been/is being produced and sold. What’s more, the exploration company, Givot Olam,...

Leviathan Discovery Opens a New Era for Israel

WASHINGTON, Dec. 29, 2010 /PRNewswire/ — David Wurmser, Ph.D., founder and executive member of the Delphi Global Analysis Group, LLC (Delphi), today issued the following statement regarding confimation of the Leviathan field offshore Israel as a major natural...

Egyptian Gas Deals Threaten Tamar Exploration

JERUSALEM (AFP) December 14, 2010 Four Israeli firms have signed agreements to import Egyptian gas under a 20-year contract valued at between $5 billion and $10 billion, the Ampal-American Israel corporation said on Monday. It said in a statement that Israel...