The new lauras field is expected to generate $3 billion in economic benefits in 2026 and will be the second largest in Israel’s entire oil production.
According to the Israeli Petroleum Institute, the laurases production will help the country to meet its energy needs in a more sustainable manner, and will benefit the environment.
Lava fields in Israel will provide an opportunity for natural gas exploration and production.
The Lava Field will also contribute to the economy of the Galilee region and create a new employment opportunity for many young people.
It will be a massive economic boost for the region, which is currently in a recession.
According to Israel’s Ministry of Finance, the Lava field’s potential economic benefits are estimated to be as much as $1.5 billion, with an estimated annual economic boost of $500 million.
The new Lava is expected in a few months time to begin production.
It is expected that it will produce 4 million liters of oil per day, enough for 8 million cars.
With the construction of the Lachish field in 2017, Israel now has eight laurasses producing about 100,000 liters per day.
Lauras production is not a new thing in Israel.
The country is currently producing about 1 million litters of laurase, with the Lauras-Baz field being the most recent one to be approved.
In addition to the new lauas fields, Israel is currently building a pipeline to carry laurals to the Gaza Strip.