'Significant’ signs of oil found off Israel coast
Hoping to produce up to 227 million barrels of high-quality oil, Shemen Oil and Gas Resources has nonetheless cautioned that signs found at its well ‘do not attest to a discovery.'
Shemen Oil & Gas Resources reported on Sunday it had found “significant” indications of oil at its Yam 3 well, off the coast of Ashdod.
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