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NewMed Energy

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BP, ADNOC bid for Israel's NewMed Energy
March 28th, 2023 - 09:48 GMT

BP, ADNOC place $2b bid for 50% of Israel's NewMed Energy

ALBAWABA — Gas giants British Petroleum and Abu Dhabi National Oil Company on Monday placed a $2 billion nonbinding offer to purchase 50 percent of NewMed Energy, a subsidiary of Delek Group, the Israeli company said Tuesday. The offer comes as many European countries are working hard to reduce their dependence on Russian gas since it invaded Ukraine, in a bid to fill the Eurozone's energy needs. The deal would ...
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