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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, saratoth@gmail.com

Stock News for Noble (NBL)
DateTimeHeadline
07/22/201606:45:00CONE Midstream Increases Quarterly Cash Distribution
07/21/201607:32:07Noble Energy Commences Production at Gunflint in the Gulf of...
07/11/201608:59:00CONE Midstream Schedules Earnings Release and Conference Call...
07/07/201607:50:46Noble Energy Announces Second Quarter 2016 Sales Volumes of...
07/05/201609:59:00Correction to Noble to Sell 3% Interest in Tamar Field Article
07/05/201609:22:00Noble Energy to Sell 3% Interest in Tamar Field
07/05/201607:00:00Noble Energy Sells Three Percent Interest in Tamar Field, Offshore...
06/27/201616:33:31Statement of Changes in Beneficial Ownership (4)
06/23/201614:20:00U.S. Oil Output to Get Boost From Gulf
06/20/201608:57:00CONE Midstream To Participate In Credit Suisse MLP & Energy Logistics...
06/16/201607:00:00Noble Energy Further Enhances Wells Ranch Position Through DJ...
06/13/201616:15:00Noble Energy to Present at Upcoming Energy Conferences
06/03/201614:25:52Annual Report of Employee Stock Plans (11-k)
06/02/201608:45:00Noble Energy Receives Plan of Development Approval for Leviathan...
05/22/201622:30:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:20:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/22/201612:19:00Netanyahu Approves Deal to Develop Israel's Natural-Gas Fields
05/16/201616:15:00Noble Energy to Present at Upcoming Energy Conference
05/16/201607:10:00Range Resources To Buy Memorial Resource for $3.3 Billion
05/10/201614:46:20Amended Statement of Ownership (sc 13g/a)

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