NFTA.TA - Naphtha Israel Petro...

Naphtha Israel Petroleum Corp. Ltd.

Naphtha Israel Petroleum Corp. Ltd. engages in the exploration, production, and sale of oil and gas in Israel and the United States. The company is also involved in the rental of real estate properties, operation of hotels, and provision of management services in Israel, Germany, Hungary, and the Czech Republic. In addition, it provides operator services of oil and gas assets and ancillary services for oil and gas drilling. The company serves electricity producers, industrial customers, private electricity producers, and natural gas marketing companies. As of December 31, 2020, it had estimated proven reserves of 7,726 billion cubic feet (bcf) of natural gas and 10 million barrels of condensate, probable reserves of 10,480 bcf of natural gas and 14 million barrels of condensate, and possible reserves of 12,948 bcf of natural gas and 17 million barrels of condensate. The company was incorporated in 1956 and is based in Petah Tikva, Israel.