Israel to drill for oil in Syria’s Golan
Reuters/al-Akhbar, Feb 21 2013
Israel has awarded its first license to drill for oil on the occupied Golan Heights to a US energy company, industry sources said on Thursday. Energy sector sources said that after Israel decided last year to allow oil and gas exploration on the Golan, Genie Energy was awarded a license to drill. The New Jersey-based company still needs further work permits for drilling to commence, a process that could take years. Genie did not immediately return calls for comment. The company’s Strategic Advisory Board includes Dick Cheney, Rupert Murdoch, and ‘Lord’ Jacob Rothschild. The strategic advisory board “advises management on strategic, financial, operational and public policy matters.”
Iran oil revenues nearly doubled during first month of year - According to the Iranian government spokesman, Iran’s oil revenues nearly doubled during the first month of Iranian year. In his weekly address to report...
1 hour ago