BP Says Bid For Stake in Israel's NewMed Energy Is Still on Track, Reuters Reports
-- BP's $2 billion deal with Abu Dhabi National Oil Co--Adnoc--to jointly buy a 50% stake in Israeli gas producer NewMed Energy is still on track, despite doubts reported in the media and the outbreak of Israel-Hamas war, Reuters reports.
-- BP's head of gas and low-carbon energy, Anja-Isabel Dotzenrath, told investors at strategy day in Denver that the company remained very optimistic about the deal, Reuters reports citing sources present at the meeting.
-- The deal was cast into doubt after an independent panel appointed by NewMed recommended raising the asking price by 10% to 12% earlier this month.
-- BP didn't immediately respond for comment when contacted by Dow Jones Newswires.
Full story: https://tinyurl.com/mswp2zup
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
October 11, 2023 07:05 ET (11:05 GMT)
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