CAN A UNITED STATES COMPANY REALLY BLESS ISRAEL?
We hear this question often and thought it best to explain in more detail. The short answer is YES, and this is how…
For many years Zion has supported, currently supports, and in the future will continue to support Israel's local economy.
We maintain an office in Caesarea, Israel with geoscientists, engineers and accountants. Additionally, during drilling for example, we will contract with companies and employ individuals from Israel (when possible), to design and build the drillsite (including road enhancement), perform roughneck and technical work on the rig, and keep the drill site secure 24 hours a day.
We will develop untapped oil & natural gas resources for Israel to use at her discretion. We have an agreement with Israel to explore, drill and develop resources found deep under the land that makes up our 99,000 acre Megiddo-Jezreel License.
The State of Israel will receive 12.5% of the value of all the oil and/or natural gas we discover, along with potentially substantial additional monies in the form of corporate taxation of future profits.
A portion of the profits we receive from the production of oil and gas will be used to continue to bless Israel by further developing her natural resources.
We have also set up two charitable foundations -- the Bnei Joseph Foundation, registered in Israel, and the Abraham Foundation, registered in Switzerland, to distribute 6% of Zion’s oil production in pre-tax dollars, directly to charitable ministries in Israel, the US, and around the world.
We are currently making a difference through these foundations by donating to medical centers and children’s homes in Israel.