Israeli conglomerate Delek Group said on April 25 it intends to sell up to a 10% stake in the large offshore Tamar Field, Israel's main supply of natural gas.

Delek Group subsidiaries Delek Drilling and Avner Oil will each sell up to 5% of their stakes in Tamar, as well as in the smaller Dalit Field.

Delek said in a statement that a new corporation will be set up that will sell securities, including bonds, on the Tel Aviv exchange to raise money to buy the stake in the gas fields.