Lebanon joins volatile Med gas scramble

BEIRUT, Lebanon, Jan. 6 (UPI) — Lebanon has raised the stakes in the high-octane poker game under way in the natural gas-rich eastern Mediterranean by approving a law to administer offshore exploration and drilling, joining Israel, Cyprus and Turkey in a...

Israel, Turkey Tensions Not Affecting Zion Oil

According to Zion CEO Richard Rinberg,  recent political tensions between Turkey and Israel are not affecting Zion’s work program or future plans. Zion Oil & Gas operates it exploration company in Northern Israel using a drilling rig and crew owned by...

Russia, Turkey: “Israel won’t get our gas”

By BLOOMBERG 06/08/2010 18:57 Russia, Turkey denies Israel fuel due to “economic considerations.” Turkish Prime Minister Recep Tayyip Erdogan and Russian counterpart Vladimir Putin said Tuesday that they don’t plan to export natural gas to Israel via a new...

Zion AME Rig Leaves Turkey

The 2,000 horsepower Aladdin Middle East drilling rig contracted by Zion Oil & Gas to drill the Ma’anit Rehoboth #2 well in northern Israel was loaded on the the freighter “Umiavut” yesterday at the Turkish port of Iskenderun. Moving the rig from...