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Delek Group Advances in Aphrodite Reservoir Development

Story Highlights
  • Delek Group operates in oil and gas exploration and is traded on the Tel Aviv Stock Exchange.
  • The Aphrodite Reservoir’s development plan approval strengthens Delek’s Mediterranean market position.
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Delek Group Advances in Aphrodite Reservoir Development

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An update from Delek Group ( (IL:DLEKG) ) is now available.

Delek Group announced an update regarding the Aphrodite Reservoir in Cyprus, with an approved development plan and a PSC amendment. This development, involving Chevron Cyprus Limited and BG Cyprus Limited, is significant for Delek’s operations, enhancing its positioning in the Mediterranean energy market.

More about Delek Group

Delek Group Ltd. operates in the energy sector, focusing on oil and gas exploration and production. The company is a major player in the Eastern Mediterranean region, with its securities traded on the Tel Aviv Stock Exchange.

YTD Price Performance: 18.49%

Average Trading Volume: 1

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.92B

Learn more about DLEKG stock on TipRanks’ Stock Analysis page.

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