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  • 03-12-18

    Israel begins second offshore bid round

    (MENAFN) Israel was announced to have commenced the second round of its offshore bid, aiming to present some license for natural gas and oilfields exploration.

    The offered exploration of natural gas and oil fields is to be carried out in Israel's economic waters in the Eastern Mediterranean Sea.

    "The fact that Israel has become a gas exporter to Jordan and Egypt, alongside completion of the agreement to build an Israeli-European gas pipeline, creates a more attractive environment for international energy companies," stated Israeli Minister of Energy Yuval Steinitz.

    The country is to grant during its bid session licenses for seventeen blocks which will be issued within five zones.

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