Shell Gives Up Stake in Offshore Gaza Gas Field -Reuters

03/05/18 11:31 AM EST

--Royal Dutch Shell has given up a 55% stake in the undeveloped Gaza Marine gas field off the coast of the Gaza Strip, Reuters reports, citing Palestinian officials.

--Shell's exit leaves the Palestine Investment Fund as the sole stakeholder in the field, estimated to hold more than 1 trillion cubic feet of natural gas, according to Reuters.


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(END) Dow Jones Newswires

March 05, 2018 11:31 ET (16:31 GMT)

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