Noble Energy Suggests That Israel’s Natural Resource Should Stay Status Quo

Resource Investing

Bloomberg reported that Noble Energy’s CEO, Charles Davidson, has said that re-investment in Israel is a possibility if the government was willing to discuss tax rates on natural resources.

Bloomberg reported that Noble Energy’s CEO, Charles Davidson, cautions Israel on re-opening a discussion on natural resources tax.

As quoted in the market report:

Davidson, who is also the chairman of Noble, said he has not received any indication that the tax issue would be reopened. “We continue to invest because I believe the matter is closed,” he said at a press conference today at the company offices in Herzliya Pituach, Israel. “If it were to be reopened we would have to reconsider everything we are doing.

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