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Israel's new rules on natural resources putting off investors

2015-01-07 00:56:06| Oil & Gas - Topix.net

New regulation of Israel's natural gas and mining industries aimed at increasing competition to bring down prices is scaring off investors, putting billions of dollars at risk. The rules, introduced over five years for many sectors but hitting natural resource companies particularly hard, allow the break up powerful conglomerates that dominate Israel's economy, with the goal of reducing high living costs, a major voter complaint ahead of the March 17 national election.

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