Isramco Negev 2 LP (Hebrew: ישראמקו)(TASE: ISRA.L) is an American Israeli publicly traded master limited partnership that holds interests in oil and gas properties in Israel.

The same year, Elmaleh formed a joint venture company with veteran oil tycoon Armand Hammer, named Isramco Inc., in which J.O.E.L.

In 1985 Isramco and other parties formed the Negev 1 Limited Partnership to continue oil and gas exploration activities in Israel.

The financing for the exploration came from the sale of the limited partnership's units on the Tel Aviv Stock Exchange, which were mainly bought by small investors hoping for quick profit from the impending oil discoveries.

During 1992 and 1993 the sale of Isramco Negev 2 Limited Partnership units to the public in Israel raised approximately $123 million.

The same year gas flares could clearly be seen from the Yam 2 well, off the Israeli coast, and the price of partnership's units shot up by thousands of percent.

[5][6] During the subsequent months, control of Pass-port, J.O.E.L., Naptha, and other Isramco-related companies was taken over by businessmen Haim Tsuff and Jackob (Koby) Maimon,.

[3] In 1998, Isramco drilled the Gevim 1 well located onshore approximately 2 kilometers south of the city of Sderot to a depth of 15,157 feet.