Middle East Economic Survey

VOL. LIII

No 16

19-April-2010

ISRAEL

Gazprom Seeks Stake In Israeli Offshore Exploration Licenses

Representatives from Russias Gazprom have met with Israels Minister of National Infrastructure Uzi Landau to discuss the prospect of taking part in the development of the offshore Myra and Sarah exploration licenses. The two licenses, which cover some 500 sq km, recently changed ownership after PetroMed Corporation failed to meet the license terms set by the ministry. Last...