The Energy Ministry granted an oil & gas exploration license in Israel’s economic waters to an Indian consortium including the companies IOL, IOCL, BPRL, ONGC.
Today, the Petroleum
Council has approved the granting of the new exploration licenses following the
licensing round that was concluded in mid-November
The 1st Israeli offshore licensing round closed. Companies from India and Greece Bidded on Gas and Oil Exploration Blocks Offshore Israel. The 2nd licensing round will be launched in 2018
The Plan for Promoting Marginal Fields Received Government Approval. The plan includes an investment of 100 million ILS in a shared, offshore gas pipeline, 10 million ILS in incentives for car fleets operating on natural gas, and additional measures aimed to support the development of new fields so as to encourage competition in the natural gas industry