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Israel to drill for oil in occupied Syria

By staff |
January 3, 2015
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The Syrian Arab News Agency (SANA) is reporting that the Israeli corporation, Afek Oil and Gas, is about to start drilling for oil in the occupied Syrian Golan. The Jan. 2 report states that heavy equipment has arrived at a site called Oil 5. Actual drilling is expected in two weeks

Afek Oil and Gas is a subsidiary of Genie Energy, Ltd., a U.S.-based public corporation that is traded on the New York Stock Exchange as NYSE: GNE.

The SANA article states, “The Israeli hostile move comes after the UN reiterated its call on the Israeli occupation entity to abide by resolutions relevant to the occupied Syrian Golan, particularly Security Council Resolution No. 497 of 1981 which considers the occupation’s laws and administrative custody on the occupied Syrian Golan as null and void.”

The Syrian Golan has been occupied since 1967. Israel also occupies Palestine and a portion of Lebanon, called the Shebaa Farms.

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