Oil israel

"I'm not saying anything about what we did or didn't do," Gantz said regarding an explosive attack that damaged an Iranian container ship. "We have an obligation to be preemptive on all fronts."

The Environmental Protection Ministry has estimated that the amount that washed up is a small amount of what is still in the ocean: 1,200 tons.

The cleaning of the tar is done using special oils. It is a lengthy process that requires patience and an especially gentle hand.

Environmental Protection Minister MK Gila Gamliel declared in response to the decision, that "the closure of polluting factories from Haifa Bay has begun."

The incident took place on December 3, 2014, during the construction of the Ramon Airport north of Eilat, which required diverting a section of the Eilat-Ashkelon oil pipeline.

One of the world’s biggest oil companies, Chevron, is acquiring Noble Energy for $5 billion. How will that affect Israel's natural gas finds?

One liter of 95 RON octane gasoline will cost NIS 4.89 including VAT, marking a reduction of NIS 1.03 or 17.4% since March.

There is also a criminal investigation into EAPC over what expert called the worst spill in Israel's history.

Ability to successfully produce the well still in doubt.

In today’s commodities market, an individual exporter plays a far less important role, as the crude oil changes corporate hands multiple times.