Middle East Economic Survey

VOL. LIII

No 21

24-May-2010

ISRAEL

Zion Granted Extensions On Two Exploration Licenses

The Israeli petroleum commissioner has granted Zion Oil and Gas a one-year extension on its onshore Joseph and Asher-Menashe petroleum exploration licenses, the company said on 19 May. The firm has held the contract for the two adjoining licenses, which are located on Israels Mediterranean coast south of Haifa, for three years. Asher-Menashe covers an area of 78,824 acres, with the...