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Wednesday, February 18, 2009

Russia's Gazprom passed on Tamar investment

//Gazprom also mulled buying a stake in Tamar partner Isramco.
17 Feb 09 - Globes onLine by Lior Baron and Itay Rom - Sources inform ''Globes'' that Russian energy giant Gazprom at one time considered investing in the Tamar natural gas prospect offshore from Haifa and buying a stake in Tamar partner Isramco Ltd. (Nasdaq: ISRL; TASE: ISRA.L). The topics were mentioned in a civil suit submitted with the Tel Aviv Magistrates Court in May 2008 by Infinity Investment House CEO Nissim Digilenty against Isramco CEO Yossi Levy for a NIS 63,000 reimbursement. Isramco and Infinity Investment House have been embroiled in a legal dispute for several years, with party suing and counter-suing the other. Digilenty's lawsuit claims that he tried to mediate between Isramco and Gazprom. He claims that the parties agreed in advance to reimburse him for international trips, but that Isramco reneged.

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