Modiin Energy Limited Partnership (MELP) is an Israel-based company engaged in the exploration and extraction of oil and natural gas. The Company operates off Israel’s Mediterranean coast. MELP is an Israeli listed limited partnership managed by MEGP which is controlled in equal shares by Tzahi Sultan and I.D.B Investments through a company called Noya Investments and deals in oil and gas in Israel.

Modiin Energy has a 15% share in the Zurim license (Zerah is the operator and holds 85%); a 7.5% share in the Carveout Halamish license (partnered with Zerach 42.5%, Avner 25% and operator, Delek Drilling 25%), and a 70% share in the Gabriella License which they bought from Adira Energy which remains with 30% and the operatorship, a 100% equity in Yam Hadera

In March 2010, the anti-trust commissioner approved the merge between IDB and Noya oil and gas exploration Ltd. but under certain limiting conditions, mainly due to the Livnat’s family’s holdings in IDB. IDB is a private company controlled by Nochi Dankner, Avraham Livnat Company and Manor Holdings. Noya is a private company controlled by Du-Zah owned by Zahi Sultan. Noya deals with oil and gas exploration in Israel via the intermediary of Modiin Energy.
Within the framework of the merge, IDB will purchase 47.5% of Noya’s issued shares as well as half of all the participation units and options that were held by Du-Zah Company.

Livnat is a part owner of Isramco and thus the anti-trust commissioner has imposed some restrictions on Livnat’s ability to impose directors in the company and anyone who holds a position in Modiin or its parent company IDB cannot also hold a position in Isramco and may not share information between these two oil and gas companies

Tzahi Sultan is the executive Chairman of Clal Finance Underwriting (CFU). CFU is the leading underwriter and investment banker in Israel with 50% of the total market. Clal Finance Underwriting Ltd, (CFU) the investment-banking division of Clal Insurance Enterprises Holdings, is a leading player in the local financial markets and potentially the leading underwriting and investment banker in Israel. In 2009 CFU raised over 30 Billion Shekels (84bn $US).

The IDB Group is Israel’s largest, top-tier, leading, diversified business group with total assets of over US$ 30 billion. IDB was recently ranked by leading international institutions as the leading diversified Group in Israel. The IDB Group was acquired in 2003 by Mr. Nochi Dankner and the Manor and Livnat families. The Group has subsidiaries in over 100 countries worldwide and a total workforce of 40,000 employees

In June 2010, Modiin Energy raised 188 million shekels in a share offerin to fund their exploration activities