The Jerusalem PostEconomy
Tshuva's Ithaca Energy Buys Canadian Oil Assets for $860 Million
Summarized from The Jerusalem Post by baba
Center-rightNeutral tone
Plus
Yitzhak Tshuva's Ithaca Energy is investing $860 million to acquire Canadian oil assets, including 103 million barrels. The deal aims to expand Ithaca's operations beyond the North Sea and boost its daily production significantly.
The story in 5 lines · by baba
- Ithaca Energy is acquiring Canadian oil assets for $860 million.
- The deal includes 103 million barrels of oil.
- The acquisition marks an expansion for Ithaca beyond the North Sea.
- The transaction is expected to increase daily production by 30,000 barrels.
- Financing will be secured through lending facilities and local Canadian financing.
The Jerusalem Post publishes in English. The key points are summarized above. Read The Jerusalem Post’s full report from the link at the top of the page.
