Israel to consider funding for Tamar natgas site

Israel's government said on Monday it will examine ways to provide funding to natural gas exploration companies after partners drilling the Tamar field said they were having difficulties in closing financing.
Earlier this month, a Finance Ministry advisory panel called the Sheshinski committee recommended sharply raising the government's take on oil and gas revenues through a progressive tax on companies that ranges from 20 to 60 percent.
[Read more]
Source: Reuters