Four drilling licenses granted

Included among the licensees was Zion Oil & Gas company of Dallas, Texas, and Caesarea, which was awarded Petroleum Exploration License No. 339/"Joseph."

By MATTHEW KRIEGER
October 18, 2007 06:55

 
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The office of petroleum exploration director Dr. Yaakov Meimran in the National Infrastructures Ministry this week granted licenses to three petroleum and natural gas exploration companies to drill for the natural resources in four different locations near the coast of Israel. Included among the licensees was Zion Oil & Gas company of Dallas, Texas, and Caesarea, which was awarded Petroleum Exploration License No. 339/"Joseph." The license covers approximately an area on the Israeli coastal plain between Netanya and Caesarea immediately south of Zion's current Asher-Menashe license. Licenses were also granted to Cassal Drilling and to Eiroc. The licenses come at a time when Israel is actively seeking to reduce its dependence on oil and coal as energy sources and look more towards the use of natural gas to fuel the country's power stations.

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