EYE2C - Comment - Israel News | Haaretz Daily Newspaper
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    • zionist forever
    • 11.04.13 | 23:58 (IDT)

    If Noble pulls out then it would mean we have to wait until another company comes along and is willing to invest and negotiate new contracts with the government, it would put the whole project on hold for years. If Noble pulls out the only other option the government will have will be to buy Nobles share in the fields which will cost billions and then drill and pump the gas ourselves. Keep all the money long term but short term we will have to shell out billions in taxpayer funds. Companies as big as Noble are able to dictate terms because they can afford to. israel is not the only country in the world with gas that Noble has a share in.

    from the article: Noble Energy warns it may quit Israel if tax rules are revised again
    First published 17:33 11.04.13 | Last updated 17:33 11.04.13
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