Edison Takes Stake in Israel’s Upstream Sector
Edison International, Italy’s second largest electricity producer, announced on 25 November that it has bought 20% of Ratio Oil Exploration’s shares in Israel’s offshore Gal license. The Gal block is close to the Leviathan field which was discovered by Ratio geologists in December 2010. There is no reliable estimate of potential reserves for the 1,770 sq km Gal license...
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