(AP/Businessweek) - The Israeli partners in a U.S.-led consortium developing a natural gas field off the Mediterranean coast say that up to 4.2 billion barrels of oil may lie under the seafloor in Israeli waters. If confirmed, the find would mark the first significant oil reserves for Israel. The Delek Group is working with Texas-based Noble Energy Inc. in Israel's Leviathan natural gas field. Drilling is to start in October.
2010-08-30 08:05:09Full ArticleBACK Visit the Daily Alert Archive