posted in:

Israeli Supreme Court rejects petition against IEI Oil shale project

Wednesday, Dec 26, 2012

Israel Energy Initiatives, Ltd. (IEI), a subsidiary of Genie Energy Ltd. (NYSE: GNE), said that it was pleased by a favorable ruling issued today by the Supreme Court of Israel. The Court’s decision clears a major legal roadblock and enables this nationally important project to move forward to the permitting phase.

In its ruling today, the Supreme Court of Israel rejected a petition filed by the Israel Union for Environmental Defense (the “Union”) against various ministries of the State of Israel, IEI and another Israeli oil and gas company, seeking to cancel the regulations governing the permitting process of oil and gas exploration, and seeking to cancel the exploration license granted to IEI. In October, the Court rejected a previous petition filed by the Union challenging the issuance of exploratory licenses, including IEI’s license, issued pursuant to those regulations.

IEI said that it now looks forward to the issuance of regulations by the Ministry of Energy that will enable it to prepare the environmental documents needed to file its pilot test permit application with the Jerusalem District Planning Committee.

Source: Business Wire

To access over 3,000 of the latest oil projects from across the world visit Projects OGP for free trial today

posted in:

Other Project News

Foster Wheeler awarded contract for incinerator in Vietnam 15-04-2014
Contract extension for Safe Hibernia 15-04-2014
Aker Solutions Wins Contract to Deliver Subsea Production System for Total's Kaombo Development in Angola 15-04-2014
Magnolia LNG Project technical services agreement signed with SKEC Group 14-04-2014
Safe Bristolia work program increased and contract extension for Safe Astoria 14-04-2014
Shell shelves compression project for key North Sea gas field 14-04-2014
Pan Orient announces 2013 year-end heavy oil resources for Sawn Lake, Alberta project of Andora Energy Corporation 11-04-2014
AWE awarded new exploration permit offshore Western Australia 11-04-2014
Kentz awarded a further US$570m contract for the Ichthys LNG Project 10-04-2014
Dragon Capital Group receives contract from Shanghai North Gas Company for intelligent regulator control system 08-04-2014

Advertisers





[