The move that could bring billions to Israel: Energy giant moves closer
ExxonMobil is in talks with Energean to explore gas and oil in Israel as part of a new tender, boosting supply, competition and state revenue.
ExxonMobil is in talks with Energean to explore gas and oil in Israel as part of a new tender, boosting supply, competition and state revenue.
According to the company, the current inefficiencies in the Israeli energy sector amount to approximately 20% of total consumption, representing some NIS 5 billion a year that could be saved.
Areas examined included improving the reliability of water supply, streamlining operational and control processes
According to expert estimates, Iran's revenues total approximately $3.5 billion – based on oil prices over the past two weeks.
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Mekorot Chairman Moshe Shimoni, "The fundraising will allow Mekorot to continue its critical investment program for developing Israel's water sector."
National water company Mekorot launches strategy to build small power plants nationwide to secure independent energy for water pumps and ensure supply continuity.
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The Ministry of Energy will invest NIS 70 million in energy projects in conflict zone communities. In the south, another investment plan is underway through the Hydrogen Valley project.
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The 30,000-square-meter plant will supply farmers across North and Central America, and will be equipped with advanced automation systems to “ensure quality, efficiency, and reliability.”