Noble Cashes Out Of Tamar Petroleum After Egypt Gas Deal, Report Says

Houston-based Noble Energy Inc. (NYSE: NBL) sold its 43.5% stake in Israel’s Tamar Petroleum Ltd. after announcing last week that it would help finance a gas export deal with Egypt, the Israeli business daily The Marker reported Oct. 3.

Noble’s sale of 40 million Tamar shares, at 15.50 shekels (US$4.26) each, took place on the Tel Aviv Stock Exchange, The Marker said in the unsourced report.

A Noble representative in Israel declined to comment.

Tamar shares were up 2.1% at 16.39 shekels in midday trade.