Tamar Petroleum Ltd. (TMRP)

Overview

Tamar Petroleum Ltd is a significant player in Israel's energy sector, specializing in the exploration, development, production, marketing, and transmission of natural gas. Holding a substantial stake of 16.75% in the Tamar and Dalit reservoirs, the company is a prime supplier of natural gas within the region. It not only caters to the domestic demands of the State of Israel, including supplying to private electricity producers and industrial customers, but also manages exports to neighboring countries like Jordan and Egypt. The company, which was previously known as Karish and Tanin Management Ltd., underwent a rebranding to Tamar Petroleum Ltd in May 2017, marking a new chapter in its journey since its inception in 2015. Tamar Petroleum has established its headquarters in Herzliya Pituach, anchoring its operations in a strategic location within Israel.

Products and Services

• Natural Gas Supply

Tamar Petroleum Ltd plays a pivotal role in supplying natural gas to a diverse portfolio of clients. This includes the State of Israel itself, setting the standard for government dependency on its resources. Moreover, private electricity producers who are in constant need of reliable energy sources and industrial customers with high energy demands benefit from Tamar Petroleum's services. Additionally, the company leverages its strategic position by exporting natural gas to Jordan and Egypt, expanding its market reach beyond domestic borders.

• Condensate Sales

Aside from its core operations in natural gas, Tamar Petroleum Ltd also deals with the sale of condensate, a valuable by-product of gas production. This condensate is sourced from the Tamar project and sold to the Paz Ashdod Refinery. It signifies the company’s ability to maximize resource utilization by venturing into related markets, thereby enhancing its overall business proposition and sustainability.