“We have a real risk. It could be that we drill our well and it’s dry and there’s no recoverable resource,” acknowledged Geoffrey Rochwarger, the CEO of Genie Israel, the parent company of Afek. Genie is also the parent company of Israel Energy Initiatives, though the Afek and IEI operate independently of each other, and Rochwarger insists that the failure of the Shfela plan was not any sort of harbinger for the Golan exploration. Genie Energy, which is chaired by Howard Jonas, has some heavyweight investors. Former US vice president Dick Cheney, Michael Steinhardt, Jacob Rothschild, and Rupert Murdoch are all reportedly connected to the company. It also has connections within the Israeli political establishment: The chairman of Genie Israel is Effie Eitam, a former member of Knesset who also served as the minister of national infrastructures in 2002-2003.
Posted on: Fri, 19 Sep 2014 08:14:55 +0000
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