NewMed Energy

UAE: Israel's NewMed seeks higher price for Adnoc deal

Issue 1178 - 13 Oct 2023 | 1 minute read

A plan by Abu Dhabi National Oil Company (Adnoc) and British major BP to jointly buy a 50% stake in Israel's NewMed Energy, the largest shareholder in the offshore Leviathan gas field, may yet collapse after a panel set up by NewMed to review their $2bn offer recommended a higher price tag.

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles and set up news alerts.


Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News