Egypt-and-E-med map

Mediterranean: Adnoc links up with BP to buy NewMed Energy equity


Issue 482 - 16 Apr 2023 - By James Gavin | 1 minute read

Abu Dhabi National Oil Company (Adnoc) has partnered with British major BP in a bid to buy 50% of Israel’s NewMed Energy, the largest shareholder in the Leviathan gas field offshore Israel. The deal was presented as a first step in a potentially broader eastern Mediterranean play.

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