Tag: Yam-3
Former Chief of Staff’s Oil Well a Colossal Flop
Not all that glitters is gold and not all that smells like oil is money. Israel has become an oil and gas producer, but one oil well, run by a firm whose CEO is ex-Chief of Staff Ashkenazi, is a bust.
New Israeli Oil Find near Gaza Could Drive Hamas, Abbas into War
Israel may have struck it rich twice – once with indications of oil off the southern coast and twice with the prospect of Hamas and Abbas fighting it out over probable claims to the Israeli discovery.
More Gas Found Offshore of Israel
Additional natural gas, and possibly light oil have been found at the Yam 3 drill site, 16 kilometers off the coast of Ashdod, according...