VOL. XLIII
No. 32
7-August-2000
ISRAEL
Granite Hacarmel Acquires Stake In Yam Thetis Gas Partnership
Granite Hacarmel of Israel, a subsidiary of Sonol (Israels third largest petroleum products distribution company), has acquired Reading & Bates 15% stake in the Yam Thetis gas exploration partnership for a reported $120mn. Under the terms of the agreement, Sonol acquires the rights to the operational agreement which Reading & Bates signed with the other partners. However, in the event of...
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