Woodside nears Leivathan compromise

Energy giant close to tax agreement with Israel govt, deal may be altered: report.

Woodside Petroleum (WPL) is close to a compromise with the Israeli government over a disputed view on tax arrangements relating to its planned entry into the mammoth Leviathan gas field, Israeli business daily Globes reports.

Just a fortnight ago, Woodside made an eleventh hour decision to cancel a planned signing ceremony in Jerusalem that would have confirmed a deal to claim 25% of Leviathan for as much as $2.85 billion.

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