Israel has oil deposits similar to Saudi Arabia, Knesset learns

July 8, 2020 by Aryeh Savir - TPS
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There are about 250 billion barrels of oil in oil shale in Israel, similar to the amount of oil Saudi Arabia has, Professor Eugene Kendall told the Knesset, calling on it to exploit the resources.

A view on Mount Arif in the Negev desert in southern Israel, at Israel – Egypt border. Negev, Dec 27, 2018. Photo by Noa Ori/TPS

“We know where they lie,” Kendall, former head of the National Economic Council in the Prime Minister’s Office, told the Knesset’s Special Committee for Overseeing the Fund for Managing State Revenues from the Tax on Profits from Gas and Oil on Tuesday, and said that a committee that was not authorized to deal with oil decided not to approve even a 20-acre experiment either.

“Tens of billions of dollars lie underground and nobody is doing anything with it,” he added.

Committee head Member of Knesset (MK) Avi Dichter said Kendall’s revelation was “dramatic and has a lot of weight.”

Oil shale is an organic-rich fine-grained sedimentary rock containing kerogen, a solid mixture of organic chemical compounds, from which liquid hydrocarbons can be produced.

Oil shale is similar to petroleum and can be refined into many different substances, including diesel fuel, gasoline, and liquid petroleum gas.

Oil shale in Israel is widespread covering approximately 15% of its territory, but is an undeveloped resource, largely because of economic and technological constraints.

According to the Geological Survey of Israel, deposits that could have the biggest economic potential are located in the northern Negev.

Oil shale development in Israel has caused protests among environmental organizations.

However, Dichter said during the committee session that “the economic and state protection problems are no less important than the environmental protection problems.”

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Comments

2 Responses to “Israel has oil deposits similar to Saudi Arabia, Knesset learns”
  1. Dr. Rodney Gouttman says:

    What are the environmental consequences of this projected development? And particularly at a time when Israel is attempting to move much of its population from its geographical center to the Negev

    • Ron Burdo says:

      Israel is not making big attempts to move its population to the Negev. Where is this information from?

      Actually Israel has very poor control of the Negev, with the Bedouin do whatever they want. They break into IDF bases, steal weapons and other equipment, and the soldiers are not allowed to shoot or stop them.

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