Member access

4-Traders Homepage  >  Shares  >  TEL AVIV STOCK EXCHANGE  >  Paz Oil Company Ltd.    PZOL   IL0011000077

Delayed Quote. Delayed TEL AVIV STOCK EXCHANGE - 10/30 11:24:41 am
54000 ILa   -1.46%
05/16PAZ OIL COMPANY LTD. : quaterly earnings release
01/15 PAZ OIL COMPANY LTD. : ex-dividend day for annual dividend
2013PAZ OIL COMPANY LTD. : quaterly earnings release
SummaryQuotesChart AnalysisNewsCalendarCompanyFinancials 
News SummaryMost relevantAll news 

Israel's Tamar Partners Sign $700 Million Contract With Paz Oil

04/02/2012 | 12:31pm US/Eastern

The partners in Israel's offshore Tamar natural gas field said Monday they have signed a supply contract worth $700 million with Paz Oil Co. Ltd. (>> Paz Oil Company Ltd.).

The contract calls for the Tamar partners to supply 3.12 billion cubic meters of natural gas over 15 years to Paz, which operates an oil refinery in Ashdod and filling stations around Israel. Paz said it will use the natural gas to run two power plants for its oil refinery.

The main partners in Tamar include Delek Group Ltd. (>> Delek Group Ltd.) subsidiaries Avner Oil Exploration (AVNR.L.TV) and Delek Drilling LP (DEDR.L.TV) and Houston-based Noble Energy Inc. (NBL).

Tamar is expected to begin production next year. Its partners recently announced that the estimated amount of natural gas in Tamar has been increased to 9.7 trillion cubic feet from 9 trillion cubic feet.

The Tamar partners have already signed several supply contracts, including one worth $15 billion with state-owned Israel Electric Co.

At 1459 GMT, shares of Paz were up 4.50 shekels ($1.21), or 0.91%, at ILS500.50; shares of Avner were up ILS0.018, or 0.71%, at ILS2.563; and shares of Delek Drilling were up ILS0.07, or 0.50%, at ILS14.21, in a higher Tel Aviv market.

-By Sara Toth Stub, Contributing to Dow Jones Newswires, saratoth@gmail.com

Stocks mentioned in the article : Paz Oil Company Ltd., Delek Group Ltd.
Latest news on PAZ OIL COMPANY LTD.
05/16PAZ OIL COMPANY LTD. : quaterly earnings release
01/15 PAZ OIL COMPANY LTD. : ex-dividend day for annual dividend
2013PAZ OIL COMPANY LTD. : quaterly earnings release
2013PAZ OIL COMPANY LTD. : quaterly earnings release
2013PAZ OIL COMPANY LTD. : quaterly earnings release
2012DJPaz Signs 5-Year Deal With Tamar for Liquid Hydrocarbons
2012DJIsrael's Tamar Partners Sign $700 Million Contract With Paz Oil
2012DJPAZ OIL COMPANY LTD. : Paz Oil Posts Quarterly Loss, Warns Of Difficult Year Ahe..
2011 PAZ OIL COMPANY LTD. : ex-dividend day for final dividend
Advertisement
Chart
Duration : Period :
Paz Oil Company Ltd. Technical Analysis Chart | PZOL | IL0011000077 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF