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.

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