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

Apr. 11, 2013 08:03AM PST

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.

To view the whole Bloomberg report, click here.