Naphtha Israel Petroleum Corp Ltd

Naphtha Israel Petroleum Corp. Ltd. operates as an energy firm primarily engaged in the exploration, extraction, and distribution of oil and natural gas in both Israel and the United States. Diversifying its business, the company also manages real estate rentals, oversees hotel operations, and provides various administrative services across Israel, Germany, Hungary, and the Czech Republic. Additionally, it offers specialized operational support for oil and gas assets and supplementary services for drilling. Its customer base includes power generation companies, industrial enterprises, independent electricity producers, and natural gas marketing firms. As of December 31, 2020, Naphtha reported substantial estimated reserves: proven reserves totaled 7,726 billion cubic feet (bcf) of natural gas and 10 million barrels of condensate; probable reserves were estimated at 10,480 bcf of natural gas and 14 million barrels of condensate; and possible reserves amounted to 12,948 bcf of natural gas and 17 million barrels of condensate. The company was established in 1956 and is headquartered in Petah Tikva, Israel.