DELEK BREAKS THE MONOPOLY IN ISRAEL’S ENERGY MARKET BY BECOMING A DOMINANT IMPORTER
May 1st, 2008
BY HELENA FLUSFEDER, in Jerusalem
FOR the fledgling state of Israel in 1951, being dependent on two foreign companies for its supply of petrol was hardly ideal, especially at a time of war when the companies had reduced their activities in the country. "The idea was that if there was another war, the government should no longer have to rely on foreign companies," said Eyal Lapidot, president and CEO of Delek, the Israeli Petroleum Corporation.
The Israeli government decided, therefore, in 1951 to establish its own petrol company, Delek, the Israeli ...
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