Isreal Grants Oil Shale License to IDT.IDT seeks to develop energy in Israel
US subsidiary IEI looks to produce oil from oil shale in the Shfela region.
Lior Baron 9 Sep 08 16:35
Sources inform ''Globes'' that the Ministry of National Infrastructures recently granted IDT Corp. (NYSE: IDT)IEI a license to produce oil from oil shale from a 238,000 square meter tract of land between Kiryat Gat and Bet Shemesh.
The seven-year license was approved by Natural Resources Licensing Administration Petroleum and Mining commissioner Dr. Yaakov Mimran. IDT is a communications services company, controlled by founder Howard Jones.