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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,

Stock News for Noble (NBL)
10/09/201510:21:08Amended Statement of Ownership (sc 13g/a)
10/08/201514:17:00CONE Midstream Schedules Earnings Release And Conference Call...
09/25/201516:20:00Noble Energy Announces Cheetah Exploration Results Offshore Cameroon
09/24/201508:27:00Technical Coverage on Independent Oil and Gas Equities -- Noble...
09/22/201517:00:00Noble Energy Will Host Its Third Quarter 2015 Results Webcast...
09/21/201520:46:04Noble Energy Increases Third Quarter Volume Expectations, Driven...
09/21/201516:13:12Statement of Changes in Beneficial Ownership (4)
09/08/201516:26:42Statement of Changes in Beneficial Ownership (4)
08/31/201516:55:22Amended Current Report Filing (8-k/a)
08/31/201516:49:56Current Report Filing (8-k)
08/17/201516:18:51Statement of Changes in Beneficial Ownership (4)
08/17/201511:36:00CONE Midstream to Participate in Citi MLP Investor Conference
08/16/201522:45:42Israel Clears Deal for Gas-Field Development
08/16/201510:33:20Israel's Cabinet Approves Regulatory Scheme for Gas-Field Development
08/10/201517:06:53Statement of Changes in Beneficial Ownership (4)
08/07/201512:39:07Amended Current Report Filing (8-k/a)
08/05/201508:00:00CONE Midstream Reports Second Quarter Results
08/05/201506:01:38Notice of Effectiveness (effect)
08/03/201511:18:44Quarterly Report (10-q)
08/03/201509:47:22U.S. Hot Stocks: Hot Stocks to Watch

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