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IEC Approved Contract for Tamar Gas Purchase

Source: www.gulfoilandgas.com 2/21/2012, Location: Middle East

Israel Electric Corporation's (IEC) Board of Directors approved the agreement between the Tamar project partners and IEC for purchase of natural gas. The approval does not include the two additional sections, which were previously requested by the IEC. The Tamar partners are working to complete negotiations and expect to make an announcement once a final agreement is complete. For more information please see the immediate reports as published on TASE.

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