August 27, 2014 8:37 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Israel Energy Initiatives Ltd.

Company Overview

Israel Energy Initiatives Ltd. engages in the exploration of oil. The company is based in Jerusalem, Israel. Israel Energy Initiatives Ltd. operates as a subsidiary of IDT Corporation.

1 Golda Meir Boulevard

Har Hotzvim

Jerusalem,  91450

Israel

Phone:

972 2 541 2894

Fax:

972 2 541 2833

Key Executives for Israel Energy Initiatives Ltd.

Israel Energy Initiatives Ltd. does not have any Key Executives recorded.

Israel Energy Initiatives Ltd. Key Developments

Supreme Court of Israel Rejects Petition Against IEI Oil Shale Project

Israel Energy Initiatives Ltd. (IEI) announced that the Supreme Court of Israel has issued a favorable ruling. The Court's decision clears a major legal roadblock and enables IEI Oil Shale Project to move forward to the permitting phase. In its ruling, the Supreme Court of Israel rejected a petition filed by the Israel Union for Environmental Defense against various ministries of the State of Israel, the company, and another Israeli oil and gas company, seeking to cancel the regulations governing the permitting process of oil and gas exploration, and seeking to cancel the exploration license granted to IEI. In October, the Court rejected a previous petition filed by the Union challenging the issuance of exploratory licenses, including IEI's license, issued pursuant to those regulations. IEI said that it now looks forward to the issuance of regulations by the Ministry of Energy that will enable it to prepare the environmental documents needed to file its pilot test permit application with the Jerusalem District Planning Committee.

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