Middle East Economic Survey

VOL. LIII

No 41

11-Oct-2010

ISRAEL

Noble Energy Protests Israels Consideration Of Higher Royalties On Hydrocarbons

Last years discovery of the offshore Tamar gas field, where reserves are estimated at 8.4 tcf (238 bcm), and the prospect of making an even larger discovery in the Leviathan structure when drilling begins in October, have prompted Israels Knesset to consider raising the royalties it receives from the companies developing and exploiting natural...