Israeli conglomerate Delek Group announced record Q3 profits on Wednesday, supported by the sale of a 9.25% stake in the Tamar gas project.
The company earned $291 million in Q3, up by $85 million from the same period in 2016.
The sale of a stake in the Tamar project resulted in a profit of ILS 873 million ($249 million).
Delek retains a 22% share in the field, which the company is committed to selling by the end of 2021.
The Tamar field was discovered in 2009 and started production...