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Isramco Boosts Stake In Israels Med Ashdod, Med Yavne Offshore Blocks

Israeli exploration company Isramco is set to acquire 7.8% stakes in the Med Ashdod and Med Yavne offshore exploration blocks after a decision by Clal Industries and Investments to pull out of gas exploration, the Globes newspaper reported on 27 January (for map of Israels offshore blocks, see MEES, 8 November 1999). Gas exploration drilling on Med Ashdod and Med Yavne has failed to find...