- Business
- Naphtha Israel Petroleum Corp. Ltd. is an Israeli company engaged in the exploration, development, production, and sale of oil and gas. Its core activities include hydrocarbon exploration and production primarily in Israel, the Middle East, the United States, and Europe. The company manufactures and markets oil, natural gas, and related petrochemical products. Additional business operations include rental of real estate properties, hotel management, and provision of ancillary services in Israel and several European countries, including Germany, Hungary, and the Czech Republic. Naphtha serves a diversified customer base including electricity producers, industrial clients, private electricity generators, and natural gas marketing companies.
Founded in 1956 and headquartered in Petah Tikva, Israel, Naphtha operates through multiple subsidiaries, including Isramco Oil & Gas and various European real estate and hotel management entities. The company holds controlling interests in Isramco Negev 2, LP, a major participant in the Tamar gas field offshore Israel, one of the region's largest natural gas reserves. Recent strategic moves include a Memorandum of Understanding with Naftogaz, Ukraine’s national oil and gas company, to pursue hydrocarbons exploration in the Ukrainian Black Sea. This partnership aims to leverage Naphtha’s expertise in offshore drilling and deep-water technologies, expanding its exploration footprint internationally.
Naphtha's business segments encompass oil and gas exploration and production, real estate investments primarily in high-yield properties across Israel and Europe, and hotel operations in Berlin, Germany. Its oil and gas exploration activities span onshore and offshore fields in Israel and the United States, with ongoing development and production projects. The company’s recent operational expansions highlight its dual focus on energy resource development and diversified asset holdings across multiple geographic regions.
Naphtha Israel Petroleum Corp. Ltd. continues to position itself as a significant player in the energy sector with a strategic emphasis on exploring and developing hydrocarbon resources while maintaining complementary real estate and hospitality segments. The company is listed on the Tel Aviv Stock Exchange under the ticker NFTA, reflecting its established market presence and ongoing contributions to energy supply and economic stability in its operational regions.
The firm’s CEO is Eran Lendner, and it operates as a subsidiary of J.O.E.L. (Jerusalem Oil Exploration Ltd.), underpinning its strategic collaborations and asset management in the oil and gas industry. Recent developments underscore a focus on international expansion and partnerships, including participation in high-profile exploration ventures such as the Black Sea offshore project with Naftogaz and OMV Petrom, reinforcing its role as a versatile energy company with global ambitions.