News Briefs
  • 17:38

    Drilling for Gas and Oil in Ukraine, Ashdod

    Oil developments: A group of Israeli and other Jewish investors has purchased a majority stake in a Ukrainian gas field, while the Oil Council decides who will get to drill off Ashdod.

    Moshe Hirshberg, an Australian-Israeli, heads the group that has purchased a 70 percent share in the rights to develop a 600-square kilometer natural gas field in Ukraine. The purchase price was $16 million.
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