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R. Daneel Olivaw

(12,606 posts)
Thu Jun 25, 2015, 12:52 PM Jun 2015

US Secretary of State Kerry's Israeli connection

http://www.ynetnews.com/articles/0,7340,L-4672804,00.html

Kerry owns million-dollar stake in Noble Energy Corp., which is currently fighting for the right to maintain a duopoly with Delek Group over Israel's natural gas fields.


According to official filings, US Secretary of State John Kerry holds a very large sum of shares in the American gas company Noble Energy Corp., one of two key partners in Israel's gas reserves. According to his declaration of assets, his shares were worth more than one million dollars at one point. A quick scan of Kerry's previous declarations of assets shows that he has held these shares for at least 10 years, and that the shares' value has fallen recently, possibly due to declining oil prices.

Last December Israel's Antitrust Commissioner David Gilo notified the government that he did not approve the Delek Corp. - Noble Energy duopoly over the Tamar and Leviathan gas fields. Around the same period a report was published that Kerry had called Prime Minister Benjamin Netanyahu and asked him to take care of the regulatory conflict.

Kerry is thought to be one of the main driving forces behind the agreement that was meant to be signed between Nobel Energy, Delek Group and the Jordanian Government on supplying gas from the Leviathan field to Jordan. In September 2014 an agreement was signed outlining the principles between the sides and the Israeli government. In January 2015 Kerry was supposed to attend the final signing ceremony. This did not happen, however, as the ceremony was cancelled after the anti-trust commissioner's decision, thus prompting Kerry's call to Netanyahu.
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