Israel Invites Bids for 24 Offshore Exploration Blocks

Wednesday 16 November 2016

Israel, on November 15, formally invited bids for 24 new oil-and-gas exploration licences off its Mediterranean coast. Large natural gas deposits have already been found off Israel's Mediterranean coast, and Israel expects the new tender will attract a host of foreign operators, leading to further discoveries. Bids are due by 21 April 2017.

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