web analytics
April 19, 2014 / 19 Nisan, 5774
At a Glance

Posts Tagged ‘Israel Corp’

Updated: Jordan Valley Terror Victim Identified

Friday, October 11th, 2013

The man who was bludgeoned to death, apparently by two Palestinian Authority terrorists, has been identified as a retired IDF colonel Sariya (שריה) Ofer.

Ofer was the founder of the IAF special forces unit “Shaldag”.

He is also the nephew of Sammy Ofer, the business magnate and philanthropist, who owned, among other things, the ZIM shipping company and the Israel Corporation.

According to Sariya’s wife, Monique, at around 1 AM, the couple heard noises outside their house. When her husband out to check, he was attacked by two terrorists.

His wife managed to flee the house, crawling through bushes and barbed wire fence until she reached the road, suffering cuts.

While in the house, she managed to call a friend who alerted the police.

According to the wife’s daughter, the terrorists were searching with flashlights for the wife, as she was escaping.

Israeli Company Converts Natural Gas to Car and Jet Fuel

Friday, October 4th, 2013

Primus Green Energy, a subsidiary of Israel Corporation inaugurated a new plant in Hillsborough, New Jersey that converts natural gas into gasoline.

The experimental plant can generate 100,000 gallons of gas a year. Primus says their price for gas is competitive.

Primus says the plant is able to produce various grades of gas, including home, car and jet fuel.

Israeli Input Drives New Chinese Car

Thursday, March 7th, 2013

A joint Israeli-Chinese car venture won rave views at the Geneva Auto Show this week with a new sedan aimed not only for the Chinese market but also for Europe, and eventually North America.

Israel’s input into the new Qoros compact, besides lots of money, is Western technology that has been not available in China. The Qoros features a unique combination of an electrically powered rear axle and a traction motor integrated into the front drive, along with a six-speed gearbox. The interior includes a unique eight-inch touch screen system

Israel Corp, Israel’s largest company, has eyes on the distant future when it will be able to employ its Better Place electric car battery technology for the Qoros.

“China will eventually go electric,” Israel Corp. executive Idan Ofer told Reuters. “There’s definitely synergy … We need to establish Qoros as a company. We cannot go pure electric from day one but once we are on safe ground, we can start combining forces.”

The deployment of Israeli input and a German designer for the Qoros has made it a truly international car. Qoros is an invented word. The Q is intended to represent quality, and the whole name is a play on the Greek chorus, a collective voice in plays and music, reflecting the multinational nature of the company.

“This combination of western technology, western management, coupled with … Chinese pedigree is actually a winning combination,” said Ofer, who also is Israel’s richest man.

Israel Corp.’s partner is the Chinese Chery Automobile company, which surrendered its original demands that foreigners would not control the company or inject cash.

The “Qoros 3” sedan sparked excitement at the Geneva show, with obvious admiration from Renault Nissan and Jaguar Land Rover executives.

Ratan Tata, former Tata Motors chairman and Jaguar Land Rover chief executive officer “spent half an hour here yesterday,” said Ofer. “He was quite amazed. He loved the car.”

The Qoros 3  has a four-cylinder engine with an expected price tag of approximately $25,000. Officials hope to reach an annual production of 150,000 cars a year, with the first vehicles on Chinese roads by the end of this year and in Europe before the end of 2015.

Israel Corp, Tamar Oil Partners Sign $4 Billion Gas Contract

Monday, November 26th, 2012

Israel Corp. and the Tamar partners signed a $4 billion contract on Sunday, agreeing that Noble Energy, Delek Group, Isramco and Alon Natural Gas Exploration would provide for Israel Corp’s gas needs.

The deal turned Israel Corp into Israel’s second largest natural gas consumer, after the Israel Electric Company.

Though Israel Corp will be needing $10 billion worth of gas, the deal is for the short term, in anticipation of the entrance of competing gas suppliers, including Leviathan.

The deal will enable Israel Corp subsidiaries Israel Chemicals, Oil Refineries Ltd. And OPC Rotem to buy 16-20 billion cubic meters of gas from the Tamar field.

The deal comes after the collapse of an agreement between Israel Corp and an Egyptian gas provider following the fall of President Hosni Mubarak.

Printed from: http://www.jewishpress.com/news/israel-corp-tamar-oil-partners-sign-4-billion-gas-contract/2012/11/26/

Scan this QR code to visit this page online: