Oil and Gas Discovered Off Tel Aviv Coast

(Times of Israel) Ilan Ben Zion - Large quantities of oil and natural gas were discovered off the coast of Tel Aviv, Modiin Energy and Adira Energy Corporation announced on Tuesday. The find, called the Gabriella field, is 24 km. offshore in shallow water. Surveys say the area could yield as much as 232 million barrels of oil and 1.8 trillion cubic feet of natural gas.


2012-03-16 00:00:00

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