UAE consolidates in Israel as Mubadala buys into Tamar field

Issue 1125 - 06 May 2021

Abu Dhabi-based Mubadala Petroleum has signed a memorandum of understanding (MoU) to buy a 22.2% stake in the offshore Tamar field in Israel from Delek Drilling for $1.1bn. The deal was announced on 26 April by the Israeli company and includes Delek’s 22% stake in the Dalit gas lease.

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