delek gas station 224.88.
(photo credit: Courtesy.)
The Jerusalem District Court on Sunday ordered the state to hand over the tax-exemption document of Egypt’s East Mediterranean Gas Company (EMG) to Delek Group Ltd. and its co-petitioners.
Judge Noam Sohlberg also ordered the state to provide Delek and its partners the tax arrangement with Merhav Group, controlled by Yosef Maiman, which owns 20.6 percent of EMG through Ampal-American Israel Corporation and Merhav MNF Ltd.
Sohlberg accepted the petition of Delek and its co-petitioners to disclose EMG’s tax-exemption document.Globes
was the first to report
about the tax agreement, which awards EMG a 20-year exemption on paying
taxes in Israel. Merhav Group has argued in the past that the exemption
is no different from exemptions awarded to foreign oil and gas
exploration companies operating in Israel.
Delek Group controlling shareholder Yitzhak Tshuva recently told the
Knesset the sweeping tax exemption to EMG discriminated against Israeli
gas in favor of Egyptian gas.
Sohlberg ordered the state, Merhav and Maiman to pay NIS 25,000 in court costs to Delek Group and its co-petitioners.