ISRAEL/CYPRUS/TURKEY

Delek Looks To Increase Aphrodite Stake

The Tel-Aviv based Delek Group is looking to increase its stake in Cyprus’ sole offshore natural gas discovery, the 5 tcf Aphrodite field on Block 12. This comes after the Israeli government ordered the firm to sell off its stake in the country’s only producing field, 10 tcf Tamar, and two smaller fields as part of an antitrust deal that will see it keep its stakes in the country’s giant 22 tcf Leviathan...