Chevron’s Purchase Could Unlock Israel’s Natural Gas Bonanza

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Chevron’s Purchase Could Unlock Israel’s Natural Gas Bonanza

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Chevron, the American oil giant, wrapped up the acquisition on Monday of a relatively small Houston-based company called Noble Energy, paying about $4 billion.

Until recently, the deal would have been unlikely, if not unthinkable — because what distinguishes Noble is the large natural gas business it has built in the eastern Mediterranean Sea, especially in Israel, an area that major oil companies had until now avoided.
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