Givot Olam CEO Tovia Luskin expects to drill 40 wells and build a pipeline to a refinery on the coast. The company already has "proven and probable" reserves of 12.5 million barrels of oil. Luskin chose where to drill based on a passage from the Bible. Emily Harris/ NPR hide caption

itoggle caption Emily Harris/ NPR

Egyptian Foreign Minister Mohammed Kamel Amr and U.S. Secretary of State Hillary Rodham Clinton announced the "hold fire" agreement in Cairo. Khaled Desouki /AFP/Getty Images hide caption

itoggle caption Khaled Desouki /AFP/Getty Images