Palestinian fund seeking investor for 45% of Gaza Marine

The Palestinian Authority will look for an IOC to take a 45% stake in the development of the Gaza Marine gas field now Shell has left the project.
By Staff reporter 4 April 2018 0 30278

The Palestinian Authority will look for an IOC to take a 45% stake in the development of the Gaza Marine gas field now Shell has left the project.

Shell’s 90% share in Gaza Marine will be broken down, with the Palestine Investment Fund (PIF) and Greek developer CCC each holding 27.5%, the PIF said in a statement.

CCC runs the only power plant in the Gaza Strip.

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