The following updates are based on information released by Delek Group gas subsidiaries, Delek Energy Systems Ltd., Avner Oil & Exploration L.P and Delek Drilling L.P. All financial and business information is given only for the convenience of the reader. The only official financial and business information, is that which is included in the officially published immediate reports and financial reports of Delek Group and its gas subsidiaries, to the Israeli Securities Authority and the Tel Aviv Stock Exchange, in Hebrew. In the event of any conflict between financial and business information given on this site and the Hebrew published immediate reports, the Hebrew published immediate reports shall prevail. More on Delek Group's disclaimer.
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|Advanced Negotiation with the Antitrust Authority|
Tel Aviv, Wednesday January 01, 2014. Delek Group gas subsidiaries announced that they are in advanced negotiations, in coordination with all the partners in the Leviathan reservoir, with the Antitrust Authority concerning a restrictive trade practice in Leviathan, about which the Antitrust Authority approached the Leviathan partners on September 6, 2011. The essence of an arrangement would be that instead of declaring a restrictive trade practice between the partners in Leviathan, the Partners will be obliged to sell, on terms as defined in the arrangement, all of their holdings in the 'Tanin' natural gas reservoir that is located in the Alon A/364 license and in the 'Karish' natural gas reservoir that is located in the Alon C/366 license. It is emphasized that this is presently at the negotiations stage only, and there is no certainty that negotiations will become a binding agreement.