Gas Industry

More than a year after the Israeli attack on the South Pars gas field, Iran announces that it has completed 70% of the restoration at the Phase 14 refinery. The facility, which is vital to the Iranian energy sector, is expected, according to them, to return to full operation by the end of the year.

Niv Sarne, who took office as chairman of NewMed Energy on June 1, will replace Yossi Abu as CEO early next week. Abu has led the company for the past 15 years.