Middle East Economic Survey

VOL. LIII

No 5

1-Feb-2010

ISRAEL

Tzuk Tamrur Partners Report Oil Find

An Israeli exploration joint venture has found indications of oil during drilling at the Tzuk Tamrur-4 well west of the Dead Sea, it was announced on 24 January in a statement to the Tel Aviv Stock Exchange (TASE). Preliminary analysis found that the target layer includes oil bearing sandstone, license partners Zerah Oil and Gas Exploration (50%) and Delek Group subsidiaries Avner Oil...