Israel to resume offshore oil and gas exploration

Globes English, 18th November 2015

Minister of National Infrastructures, Energy and Water Resources Yuval Steinitz plans reopening Israel’s exclusive economic zone in the Mediterranean for oil and gas exploration. Speaking at the Universal Oil and Gas Conference in Tel Aviv yesterday, Steinitz said, “Exploration has only been carried out in 25% of Israel exclusive economic waters. The gas outline agreement will be approved in mid-December and will go into effect at the start of 2016. Then several months after that, I have already given instructions to open up the waters.”

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