Middle East Economic Survey

VOL. LIII

No 48

29-Nov-2010

ISRAEL/EAST MEDITERRANEAN

Controversy Erupts In Israeli Energy Sector Following Sheshinski Report

The release on 10 November of recommendations made by the Sheskinski Committee on tax and royalty reform has erupted in a controversy that could delay the development of the offshore Tamar gas field, where reserves are put at 238 bcm, enough to cover Israels domestic needs for 20-30 years (MEES, 22 November). In its interim report (the...