VOL. XLV

No 26

1-July-2002

ISRAEL

Yam Thetis Partners Confirm Definitive Gas Sales Agreement With IEC

US-based Noble Energy announced on 25 June that it and itsYam Thetis partners DelekDrilling Limited Partnership, Avner Oil ExplorationLimited Partnership and Delek Investments &Properties Ltd had formally executed the final definitive agreement for thesale of natural gas to Israel Electric Corporation (IEC). IEC confirmed in astatement that the 11-year deal, which was agreed in principle two...