New Israeli Gas Field Contains Crude Oil

(Israel Hayom) Hezi Sternlicht - Israel's new Karish offshore gas field northwest of Haifa has reserves of 12.7 million barrels of condensate - a crude oil used for fuel production - in addition to 1.8 trillion cubic feet of natural gas, it was announced Sunday. The value of the condensate found in Karish is estimated at $1-1.3 billion.


2013-07-16 00:00:00

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