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Israel's Tamar Partners Sign $700 Million Contract With Paz Oil

JERUSALEM -(Dow Jones)- The partners in Israel's offshore Tamar natural gas field said Monday they have signed a supply contract worth $700 million with Paz Oil Co. Ltd. (PZOL.TV). The contract calls for the Tamar partners to supply 3.12 billion cubic meters of natural gas over 15 years to Paz, which operates an oil refinery in Ashdod and filling stations around Israel. Paz said it will use the natural gas to run two power plants for its oil refinery. The main partners in Tamar include Delek Group Ltd. (DLEKG.TV) subsidiaries Avner Oil Exploration (AVNR.L.TV) and Delek Drilling LP (DEDR.L.TV) and Houston-based Noble Energy Inc. (NBL). Tamar is expected to begin production next year. Its partners recently announced that the estimated amount of natural gas in Tamar has been increased to 9.7 trillion cubic feet from 9 trillion cubic feet. The Tamar partners have already signed several supply contracts, including one worth $15 billion with state-owned Israel Electric Co. At 1459 GMT, shares of Paz were up 4.50 shekels ($1.21), or 0.91%, at ILS500.50; shares of Avner were up ILS0.018, or 0.71%, at ILS2.563; and shares of Delek Drilling were up ILS0.07, or 0.50%, at ILS14.21, in a higher Tel Aviv market. -By Sara Toth Stub, Contributing to Dow Jones Newswires, [email protected]

Stock News for Noble (NBL)
DateTimeHeadline
02/16/201706:45:00CONE Midstream Reports Fourth Quarter and Full Year 2016 Results...
02/14/201711:44:42Amended Statement of Ownership (sc 13g/a)
02/14/201710:55:29Statement of Ownership (sc 13g)
02/14/201710:49:49Annual Report (10-k)
02/13/201718:09:00Noble Energy's Loss Narrows
02/13/201717:31:22Amended Statement of Ownership (sc 13g/a)
02/13/201717:08:42Amended Statement of Ownership (sc 13g/a)
02/13/201716:49:01Current Report Filing (8-k)
02/13/201716:35:00Noble Energy Provides Detailed 2017 Outlook and Guidance
02/13/201716:30:00Noble Energy Announces Fourth Quarter And Year-End 2016 Results
02/10/201713:01:24Amended Statement of Ownership (sc 13g/a)
02/08/201706:02:30Statement of Ownership (sc 13g)
02/07/201716:41:12Statement of Changes in Beneficial Ownership (4)
02/03/201716:15:00Noble Energy to Present at Upcoming Energy Conference
02/02/201717:07:06Statement of Changes in Beneficial Ownership (4)
02/02/201717:06:14Statement of Changes in Beneficial Ownership (4)
02/02/201717:05:22Statement of Changes in Beneficial Ownership (4)
02/02/201717:03:37Statement of Changes in Beneficial Ownership (4)
02/02/201717:02:42Statement of Changes in Beneficial Ownership (4)
02/02/201717:01:27Statement of Changes in Beneficial Ownership (4)

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