News Briefs

  11/30/2010, Kislev 23, 5771

Givot in Deal to Produce Electricity to Gas

The partners in the Givot Olam project, which is working to extract oil from the Meged field near Rosh Ha'ayin, released its third quarter fiscal report Tuesday. The company lost NIS 8.8 million. The company also said that it has signed a contrast with an Israeli company owned by General Electric to produce electricity from the natural gas in the Meged 5 oil well.