Middle East / Africa

Israel flag
Summary | Profile

Country profile: Israel

Location: Middle East, bordering the Mediterranean Sea, between Egypt and Lebanon
Climate: temperate; hot and dry in southern and eastern desert areas
Terrain: Negev desert in the south; low coastal plain; central mountains; Jordan Rift Valley
Size: 20770 sq. km total (Land area: 20330 sq. km  Water area: 440 sq.km)
Population: 7,112,359
Languages: Hebrew (official), Arabic used officially for Arab minority, English most commonly used foreign language
Government: parliamentary democracy
Capital city: Jerusalem
Legal system: mixture of English common law, British Mandate regulations, and, in personal matters, Jewish, Christian, and Muslim legal systems; in December 1985, Israel informed the UN Secretariat that it would no longer accept compulsory ICJ jurisdiction
Currency: new Israeli shekel (ILS); note - NIS is the curren
Licensing:

Country profile

Following World War II, the British withdrew from their mandate of Palestine, and the UN partitioned the area into Arab and Jewish states, an arrangement rejected by the Arabs. Subsequently, the Israelis defeated the Arabs in a series of wars without ending the deep tensions between the two sides. The territories Israel occupied since the 1967 war are not included in the Israel country profile, unless otherwise noted.

On 25 April 1982, Israel withdrew from the Sinai pursuant to the 1979 Israel-Egypt Peace Treaty. In keeping with the framework established at the Madrid Conference in October 1991, bilateral negotiations were conducted between Israel and Palestinian representatives and Syria to achieve a permanent settlement. Israel and Palestinian officials signed on 13 September 1993 a Declaration of Principles (also known as the "Oslo Accords") guiding an interim period of Palestinian self-rule. Outstanding territorial and other disputes with Jordan were resolved in the 26 October 1994 Israel-Jordan Treaty of Peace.

In addition, on 25 May 2000, Israel withdrew unilaterally from southern Lebanon, which it had occupied since 1982. In April 2003, US President BUSH, working in conjunction with the EU, UN, and Russia - the "Quartet" - took the lead in laying out a roadmap to a final settlement of the conflict by 2005, based on reciprocal steps by the two parties leading to two states, Israel and a democratic Palestine. However, progress toward a permanent status agreement was undermined by Israeli-Palestinian violence between September 2003 and February 2005. An Israeli-Palestinian agreement reached at Sharm al-Sheikh in February 2005, along with an internally-brokered Palestinian ceasefire, significantly reduced the violence. In the summer of 2005, Israel unilaterally disengaged from the Gaza Strip, evacuating settlers and its military while retaining control over most points of entry into the Gaza Strip.

The election of HAMAS in January 2006 to head the Palestinian Legislative Council froze relations between Israel and the Palestinian Authority (PA). Ehud OLMERT became prime minister in March 2006; following an Israeli military operation in Gaza in June-July 2006 and a 34-day conflict with Hizballah in Lebanon in June-August 2006, he shelved plans to unilaterally evacuate from most of the West Bank. OLMERT in June 2007 resumed talks with the PA after HAMAS seized control of the Gaza Strip and PA President Mahmoud ABBAS formed a new government without HAMAS.

Energy production and consumption


Oil Gas
Production: 100 bbl/day (2006 est.) 709 million cu m (2005 est.)
Consumption: 249,500 bbl/day (2006 est.) 709 million cu m (2005 est.)
Exports: 75,980 bbl/day (2004 est.)  
Imports: 315,200 bbl/day (2004 est.)  
Reserves: 2 million bbl (1 January 2006 est.) 37 billion cu m (2006 est.)
Major fields:



Israel - recent news

29 Feb 24
Israel: Karish North and second gas export riser online and new GSPA signed
Energean reports that Karish North first gas was safely achieved on 22 February 2024. The Karish North production well is currently utilising the second gas export riser, the installation of which was completed in December 2023. The Energean Power FPSO now has four production wells in operation.
20 Feb 24
Israel: Partners in Israel's Tamar gas field agree to further expand production
The partners in Israel's Tamar natural gas field have agreed to expand production at the offshore site, which is a major energy source for Israel and also supplies Egypt and Jordan.
30 Oct 23
Israel: Ministry of Energy and Infrastructure announces results for two zones in the 4th Offshore Bid Round
Israel's Ministry of Energy and Infrastructure has announced the results of two Zones within the 4th Offshore Bid Round (OBR4) for natural gas exploration in Israel's Exclusive Economic Zone (EEZ).
16 Oct 23
Israel: Genesis Wind, Israel's largest renewable energy project, has commenced commercial operations
Enlight Renewable Energy, a leading renewable energy platform, has announced the start of commercial operations at Genesis Wind, the largest renewable energy project in Israel.
09 Oct 23
Israel shuts down major offshore gas field amid violence
Israel has suspended production at the Tamar gas field off its southern coast and will seek alternative fuel sources to meet its needs, the energy ministry said on Monday following three days of violence in the region, according to a Reuters report.

Israel - more news

Other countries in this region




A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 237

Completed Deals

Completed Upstream Deals: 6558

Company Profiles

Current Company Profiles: 2912

Corporate Activity

Current Corporate Activity articles: 4134

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1653

Geostudies

Current Geostudies articles: 964

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Bayphase
OPC
Telos NRG
Government of South Australia
Merlin
energy365
Borchwix
Union Jack Oil 149
Syntillica
Rose & Assocs
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com