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An Increase in the Levy on the Tamar Gas Reservoir Hurt Tamar Petroleum's Results.
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The company holds 16.75% of the reservoir, and due to an increase of NIS 8 million in payments to the Wealth Fund, net profit in the first quarter fell by 37% to $10.3 million; 37% of the revenues from the sale of gas from the Tamar reservoir went to the Israel Electric Company; exports to Egypt accounted for about 39% of the company's revenues
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