NewMed Energy
NewMed Energy (), formerly Delek Drilling, is an Israeli energy Oil & Gas partnership in the exploration, development, and production of Natural Gas and Oil. Delek group owned by Yitzhak Tshuva, is the controlling shareholder of the partnership. The partnership is traded on the Tel Aviv Stock Exchange and is part of the TA 35 Index. History NewMed Energy (formerly "Delek Drilling") was founded by Avinoam Finkelman and served as the search department of the Delek group, then controlled by the IDB group. The partnership was founded with an agreement signed on July 1, 1993 between Delek Drilling Management (1993) Ltd as a general partner and Delek Drilling Trusts Ltd as a limited partner. The Partnerships holdings include Yam Tethys Ltd, Delek Drilling (Leviathan Finance) Ltd, Delek Drilling (Yam Tethys Finance) Ltd, Delek and Avner Yam Tethys Ltd and Delek Drilling (Tamar Finance) Ltd. In 1998, Yitzhak Tshuva, a self-made multi-billionaire, purchased control of Delek group, from the Recanati family. In December 2016 the general meeting of Delek Drilling and Avner gas and oil search (both units of conglomerate Delek Group) decided on the merge of the two. In May 2017 the Merging process was completed when Avner was immersed