Middle East Eye, 13 November 2015
Last month Afek, an Israeli subsidiary of Genie Energy, a US oil company, announced that it had found considerable reserves of oil under the Golan.
[...] Afek claims that the discoveries it has identified in its first year could make Israel energy independent, satisfying Israel’s consumption of 100 million barrels a year for the foreseeable future. [...]
On its website, Genie’s subsidiary Afek claims that its drilling in the occupied Golan Heights will extract “Israeli oil”.
The two companies include figures who have close personal ties to Netanyahu and high-level influence in Washington.
[...] Since its establishment, Israel has drilled some 530 exploratory wells, but none has produced commercially viable quantities of oil.