The Israeli Minister of National Infrastructure, Energy and Water Resources rejected Delek Group’s petition for Alon B/365, Alon F/369, Ruth A/358 and Ruth B/359 licenses offshore Israel.
The rejection follows the Oil Commissionaire’s previous decision not to approve the extension request.
According the Delek, the partners are now evaluating their legal options available for their realization with regard to their rights.
In late November, Delek entered into a US$73 million agreement with Noble Energy to buy 47% of Noble’s stake in the Alon A and Alon C licenses.
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