Position of energy group’s chief is mired in uncertainty because of corruption probeEni chief denies wrongdoing in corruption case
Over a lunch of locally caught Mediterranean seafood, Claudio Descalzi delivers a pep talk to managers around a large dining table in the offices of a petroleum plant near Port Said, Egypt.
“We need to do more, more, more every day,” says the chief executive of Eni, the Italian oil and gas group.
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| Yitzhak Tshuva |
Sun, Aug 7th, 2016
The merger will be part of the Delek Group's structural change
Delek Group, gas exploration subsidiaries, controlled by Yitzhak Tshuva, Avner Oil and Gas and Delek Drilling, this morning notified the Tel Aviv Stock Exchange (TASE) that an independent committee has recommended a merger between the partnerships, with Avner merged into Delek Drilling.
The two subsidiaries control Tamar and Leviathan gas fields in offshore Israel, as well as the Aphrodite gas field in Cyprus.
The partnerships reported in April, that they were examining a possible structural change in the group, since they are considered “parallel” units, holding energy assets for Delek Group.
