Français
Español
English
Portuguese
“We are happy and proud that Energean has facilitated Israel joining the club of international oil exporters,” says the company’s CEO.
By JNS.org
Israel has shipped its first crude oil abroad, British-Greek hydrocarbon exploration and production company Energean announced on Tuesday.
“We are happy and proud that Energean has facilitated Israel joining the club of international oil exporters,” said Energean CEO Mathios Rigas.
The oil shipment is part of a multi-cargo marketing agreement with Vitol, a Swiss-based multinational energy and commodity trading company, “the first of a new source of East Med energy to reach Europe,” the company said.
Energean Group commercial director Nick Witney said, “While we remain a gas focused company, with our Israeli gas production central to our role in enabling the energy transition, light, sweet crude oil responsibly produced from modern, low carbon intensity facilities is very much in demand, globally.”
Energean began extracting hydrocarbons from the Karish gas field off the northern Israeli coast on Oct. 26, 2022, a day before Israeli and Lebanese leaders signed a United States-mediated maritime border agreement.
The company said at the time that the development was a significant milestone in promoting a vision of a competitive Israeli gas market and increasing the country’s energy security and independence.
[pruim boxed]
Do You Love Israel? Make a Donation - Show Your Support!
Donate to vital charities that help protect Israeli citizens and inspire millions around the world to support Israel too!
Now more than ever, Israel needs your help to fight and win the war -- including on the battlefield of public opinion.
Antisemitism, anti-Israel bias and boycotts are out of control. Israel's enemies are inciting terror and violence against innocent Israelis and Jews around the world. Help us fight back!
