SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549




                                    FORM 8-K



                                 CURRENT REPORT



                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                 Date of Earliest Reported Events July 14, 1998




                                  ISRAMCO, INC.
                -------------------------------------------------
               (Exact name of registrant as specified in charter)

                                    Delaware
                             ----------------------
                            (State of Incorporation)

              1770 St. James Place, Houston, Texas 77056 Suite 607
              ----------------------------------------------------
                    (Address of principal executive offices)

                                  713-621-3882
                                  ------------
                               (Telephone number)

            0-12500                                   13-3145265
            Commission File No.                 IRS Employer ID No.


                                      - 1 -
                                                               

<PAGE>


Item 5.  Other Material Events

     Daniel  Avner,  President  of  the  Company  has  resigned  his  additional
positions as Director,  Secretary and Principal  Accounting  Officer.  Mr. Avner
will remain as President.  The Company's Board of Directors  elected Tina Maimon
Arckens,  presently a Director of the Company,  the new  Secretary.  Haim Tsuff,
Chairman of the Board and Chief  Executive  Officer has been  elected  Principal
Accounting Officer. Noa Lender, presently serving as legal advisor and secretary
of Naphtha Israel  Petroleum Corp. Ltd.,  Equital Ltd. and associated  companies
has been elected to the Company's Board of Directors.

Item 7.  Exhibits

     None.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            Isramco, Inc.
                                            (registrant)

    July 15, 1998                           By:  /s/  Haim Tsuff 
---------------------                          --------------------------------
    (date)                                  Haim Tsuff, Chairman of the Board

                                      - 2 -
[{"type": "8-K", "sequence": "1", "description": "FORM 8-K", "secsgml_size_bytes": 2621}]
{"company-data": {"conformed-name": "ISRAMCO INC", "cik": "0000719209", "assigned-sic": "1311", "irs-number": "133145265", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-12500", "film-number": "98667508"}, "business-address": {"street1": "1770 ST JAMES PL", "street2": "STE 607", "city": "HOUSTON", "state": "TX", "zip": "77056", "phone": "7136213882"}, "mail-address": {"street1": "1770 ST JAMES PLACE", "street2": "SUITE 607", "city": "HOUSTON", "state": "TX", "zip": "77056"}}
SECURITIES AND EXCHANGE COMMISSION

                             Washington, D. C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                 Date of Earliest Reported Events July 14, 1998

                                  ISRAMCO, INC.
                -------------------------------------------------
               (Exact name of registrant as specified in charter)

                                    Delaware
                             ----------------------
                            (State of Incorporation)

              1770 St. James Place, Houston, Texas 77056 Suite 607
              ----------------------------------------------------
                    (Address of principal executive offices)

                                  713-621-3882
                                  ------------
                               (Telephone number)

            0-12500                                   13-3145265
            Commission File No.                 IRS Employer ID No.

                                      - 1 -
Item 5.  Other Material Events

     Daniel  Avner,  President  of  the  Company  has  resigned  his  additional
positions as Director,  Secretary and Principal  Accounting  Officer.  Mr. Avner
will remain as President.  The Company's Board of Directors  elected Tina Maimon
Arckens,  presently a Director of the Company,  the new  Secretary.  Haim Tsuff,
Chairman of the Board and Chief  Executive  Officer has been  elected  Principal
Accounting Officer. Noa Lender, presently serving as legal advisor and secretary
of Naphtha Israel  Petroleum Corp. Ltd.,  Equital Ltd. and associated  companies
has been elected to the Company's Board of Directors.

Item 7.  Exhibits

     None.

                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            Isramco, Inc.
                                            (registrant)

    July 15, 1998                           By:  /s/  Haim Tsuff 
---------------------                          --------------------------------
    (date)                                  Haim Tsuff, Chairman of the Board

                                      - 2 -