Israeli firm to sell gas field stakes to UAE company: statement

erusalem: An Israeli firm is set to sell its stake in a vast offshore gas project to an Emirati company for $1.1 billion, the biggest commercial deal yet after the countries normalised ties.

Delek Drilling of Israel has announced the signing of a non-binding Memorandum of Understanding with Mubadala Petroleum of Abu Dhabi, UAE for the sale of Delek Drilling’s 22 percent non-operated stake in the Tamar gas field,” they said in a joint statement Monday.


To continue reading the energy economic times article please click here