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Keyword: genieenergy

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  • Potentially game-changing oil reserves discovered in Israel

    10/07/2015 7:33:48 PM PDT · by Kaslin · 50 replies
    Fox News.com ^ | October 7, 2015 | Paul Alster
    Haifa, Israel – After Israel complained for years that it was surrounded by oil-rich states but didn’t have a drop within its own borders, it appears there’s a big-time turnaround with the announcement Wednesday that massive oil reserves have been located in the Golan Heights,close to the country’s border with Syria. Afek Oil and Gas, an Israeli subsidiary of the U.S. company Genie Energy, confirmed the find in an interview with Israel’s Channel 2 TVbut conceded that until the oil is actually extracted, they won’t be sure of the actual amounts and quality of the oil that has been discovered....
  • Israel Grants First Golan Heights Oil Drilling License To Powerful US Company

    02/23/2013 11:46:00 AM PST · by haffast · 19 replies
    Business Insider ^ | Feb. 22, 2013, 2:45 PM | Michael Kelley
    Israel has granted a U.S. company the first license to explore for oil and gas in the occupied Golan Heights, John Reed of the Financial Times reports. A local subsidiary of the New York-listed company Genie Energy — which is advised by former vice president Dick Cheney and whose shareholders include Jacob Rothschild and Rupert Murdoch — will now have exclusive rights to a 153-square mile radius in the southern part of the Golan Heights. That geographic location will likely prove controversial. Israel seized the Golan Heights in the Six-Day War in 1967 and annexed the territory in 1981. Its...