PetroMed gets offshore Israel permit

PetroMed, Plc., has received approval from the Israel Ministry of National Infrastructures begin exploration in the shallow water prospects offshore Haifa in northern Israel. The exploratory rights cover more than 3,500 sq km.
Oct. 11, 2006

Offshore staff


TORONTO, Canada -- PetroMed, Plc., has received approval from the Israel Ministry of National Infrastructures begin exploration in the shallow water prospects offshore Haifa in northern Israel. The exploratory rights cover more than 3,500 sq km.

"PetroMed and its foreign investors continue to be interested in Israel and committed to the company's mission to build an Israel-based petroleum company that will be active in all aspects of the oil and gas business, from upstream exploration through to discovery approval, project development and downstream refining and distribution," said Hagai Amir, PetroMed's founder, chairman and CEO.

10/11/06

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