Middle East Economic Survey


No 29



Israels Ginko Plans IPO To Finance Dead Sea Oil Exploration

Privately-held Israeli company Ginko Oil Exploration said on 8 July it was planning an initial public offering (IPO) on the Tel Aviv Stock Exchange in order to raise finance to carry out exploration in the Dead Sea area. The company is licensed to carry out exploration in a 650 sq km area covering the Dead Sea, where it carried out some initial seismic surveys and drilling in...