Israel agree link power grids via2/29/2024 ![]() Israel exports small quantities of refined products, but with domestic production being virtually nonexistent, imported oil meets nearly 99 percent of total oil demand, and over 80 percent of those imports are crude oil. ![]() Unlike Israel’s petroleum consumption-which Israel meets with imports-much of the natural gas consumed in Israel came from domestic sources. In addition, Israel was the region’s second-largest natural gas consumer in 2011. Total Israeli oil consumption averaged 246,000 bbl/d from 2000 to 2011, ranging from a low of 233,000 bbl/d in 2005 to a high of 263,000 bbl/d in 2011. While not a significant oil producer, Israel is the eastern Mediterranean’s largest consumer of petroleum. Nevertheless, by 2012, the majority of Israel’s crude oil imports came from Russia and Azerbaijan via tanker vessels. Today, more than 470 oil wells have been drilled in Israel. In 2015, oil was discovered in the Golan Heights. Due to poor regional relations with its neighbors, Israel does not share any international oil pipelines. This was critical because Israel’s main oil supplier, Iran, broke relations with Israel following the Islamic revolution in 1979. Instead of becoming independent, Israel became dependent on other countries. As part of the peace negotiations, Egypt agreed to supply oil to Israel. Israel, which estimated the value of untapped reserves in the Alma field at $100 billion, had projected that continued development there would make the country self-sufficient in energy by 1990. The Alma oil field, discovered and developed by Israel, was the country’s largest single source of energy, supplying half the country’s energy needs. One of the major concessions Israel made when it signed its peace agreement with Egypt was to give up the fields in southern Sinai. Israel subsequently captured Egyptian oil fields in the Sinai during the 1967 War, “Black gold” was discovered on September 26, 1955. In 1947, Israel began exploring for oil in the Heletz moshav in southern Israel. Oil Natural Gas Leviathan Field Tamar Field Mari-B Field Karish and Tanin Fields Hermes Zeus 1 Katlan Gas for Israel and Export Pipeline to Europe Threats to Exports Regional Cooperation Gas From Gaza Boundary Dispute with Lebanon Oil Israel Science & Technology: Table of Contents| Solar Energy| Biotechnology
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