JERUSALEM, Jan 19 (Reuters) – The companions in Israel’s Leviathan pure fuel discipline signed a deal to promote as much as $300 million of condensate to Paz Ashdod Oil Refinery, NewMed Power (NWMDp.TA) stated on Thursday.
NewMed is a associate within the offshore Leviathan mission along with Chevron (CVX.N) and Ratio Energies (RATIp.TA).
The deal to promote condensate, an especially mild type of oil which happens as a byproduct of pure fuel manufacturing, is for 4 years and is predicted to begin within the fourth quarter of 2023, NewMed stated.
The corporate stated it estimates whole gross sales of $200-$300 million {dollars}, with the corporate’s share within the vary of $90-$135 million.
Reporting by Ari Rabinovitch
Enhancing by Steven Scheer
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