Related Articles
Forward article link
Share PDF with colleagues

Uncertainty surrounding Israel's upstream activity

Israel has sought to end years of upstream uncertainty, introducing new regulations for the development of offshore reserves, but obstacles remain

Israel's prime minister Binyamin Netanyahu has had his attention drawn away from the country's perennial security challenges in recent months. Controversies over the country's hydrocarbons policy have risen to the top of his in-tray. In early September, the Israeli parliament gave the green light to a framework regulation designed to encourage the development of offshore reserves, with a US-Israeli consortium given the go-ahead to develop the Leviathan gas field. It obliges Israel's Delek to sell its 31% stake in Tamar in six years and the US' Noble must scale down its stake from 36% to 25% in the same period. They must also sell their stakes in the Karish and Tanin fields within 14 months

Also in this section
Nigeria's Buhari question
23 May 2017
His 2015 election brought hope for Nigeria's struggling oil-dominated economy. Is the president now part of the problem?
Iraq: Time to quit smoking
17 May 2017
The elimination of pollution from gas flaring in southern Iraq is becoming an election issue
Venezuela courting disaster
17 May 2017
A Supreme Court ruling has given the president broad authority to strike oil deals. Will there be any takers?