Israel exports oil for the first time ever after diplomatic breakthrough with Lebanon
Israel's oil export was sold to commodities giant through a multi-cargo agreement. Referred to as the Karish Blend, it is expected to be valued close to the globe's average price for crude.
"The first ever lifting of an Israeli crude oil cargo has taken place at the company's Karish field," Energean said. Though the maritime borders encompassing the area were disputed between the two countries, the agreement split the territory into two, leaving Israel in control of the Karish gasfield.
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