Middle East Economic Survey

VOL. LIII

No 14

05-April-2010

israel

Bontan Acquires Funds For Offshore Israeli Gas Exploration

Canadas Bontan Corporation and its Israel Petroleum Company (IPC) subsidiary have secured $16.1mn in new financing from two Israeli energy firms for further offshore natural gas exploration, the two companies announced on 24 March. These two firms entered into an agreement with Tel Aviv-based Emanuelle Energy and IDB-DT Energy to secure the financing and settle ownership of...