Israel’s government has given the green light for the exploitation of offshore natural gas reserves, marking an important milestone for the nation’s economy.
read more... 18/08/2015
Israel's government declared on Thursday it had reached an agreement with a U.S.-Israeli conglomerate on the expansion of the vast Leviathan gas field and two other offshore wells.
read more... 14/08/2015
Israel inked an agreement to construct a 4 billion shekel ($1.05 billion) thermo-solar power plant in the country's south, intended at increasing electricity production from green energy sources, as stated by the Finance Ministry on Sunday.
read more... 20/07/2015
Crude oil prices recovered on Tuesday as Israeli Prime Minister Benjamin Netanyahu warned that the Obama administration was negotiated a bad nuclear deal with Tehran, which would almost guarantee nuclear weapons, while Libyan forces targeted oil terminals in the African nation. Brent crude front-month contract rose by $1.48, or 2.5 percent, to settle at $61.02 a barrel. It slipped nearly 5 percent on Monday, its biggest loss in a month. WTI crude increased by 88 cents at $50.47 a barrel, after it has lost ground earlier.
read more... 04/03/2015
Italy's Edison is reexamining the purchase two Israeli gas fields because of increasing regulatory insecurity and talks have already been suspended, as stated by a source at the company.
read more... 10/02/2015