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Israel: Italian energy firm pursues gas fields

By  |  March 6, 2014

Two gas fields in Israel up for sale by US’s Noble Energy and Israel’s Delek Drilling may soon see a buyer, reports say.

Italy-based energy utility Edison is reported to be in discussions with the companies to acquire the fields, sources said. The assets are the Tanin and Karis oil fields.

The fields are part of an agreement by the US and Israel companies to divest assets to pursue their joint venture of developing the Leviathan gas field, off the Israeli coast.

Reports say sales of those fields must hold up to strict standards by Israel’s Antitrust Authority.

Full Content: Reuters

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