Almost all liquid fuel used in the Palestinian territories is supplied by or via Israel. The supply of petroleum is centrally located at two different terminals in the West Bank and one terminal at the Israel–Gaza barrier, at the Kerem Shalom crossing. These terminals do not have storage capacity for petroleum, which must. produces no oil or natural gas and is predominantly dependent on the (IEC) for electricity. According to, the Palestinian Territory "lies above sizeable reservoirs of oil and. In 1999, Palestine Electric Company (PEC) was formed in the Palestinian territories as a subsidiary of Palestine Power Company LLC to establish electricity generating plants in territories under PA control. In 2010, PADICO. The Palestinian Electricity Transmission Company (PETL) was formed in 2013, and is currently the sole buyer of electricity in the Palestinian territories, though it effectively operates only in West Bank Areas A and B, where it buys electricity from IEC and some from. After the, agreements to distribute electricity to the West Bank from Jordan were terminated by the. Order 389 of 1970 vested the governance of the natural resources sector in an authority to. The (IEC) supplies most of the electricity in the Palestinian territories. PETL is the sole buyer of imported electricity for distribution in West Bank Areas A and B and in the Gaza Strip, which in turn supplies the electricity to the six. There are six electricity distribution companies that have been licensed by the Palestinian Authority to distribute electricity to customers within their respective exclusive concession areas. Five are in West Bank Areas A and B: (IEC) sells electricity to (JDECO) and to the Palestinian Authority, which on-sells them to the other four Palestinian district electricity distribution companies in the West Bank and to Gaza Electricity.
