Israel upbeat on Golan oil potential

8 Oct 2015   Israel

An Israeli oil and natural gas company estimates there may be enough reserves in the occupied Golan Heights to make the country self-sufficient in energy. Yuval Bartov, the chief geologist for Afek Oil and Gas, told Channel 2 News in Israel preliminary data show a column of oil found in the Golan Heights is about 10 times larger than the global average. “We are talking about significant quantities,” he said. “The important thing is to know the oil is in the rock and that’s what we now know.” The Israeli Ministry of Energy and Water Resources awarded a drilling permit to U.S.-Israeli company Genie Energy for territory in the southern Golan Heights in 2013. The company at the […]

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