UK’s BP teams up with Abu Dhabi state oil group to buy 50% of Israel’s NewMed Energy

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press release
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April 14, 2023

UK’s BP teams up with Abu Dhabi state oil group to buy 50% of Israel’s NewMed Energy

Offer values NewMed, a key stakeholder in Israel’s Leviathan offshore gas field, at about NIS 14.1b ($4b); tentative deal is called a ‘testament’ to Israel-UAE ties.
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