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Add to Bookmarks Abu Dhabi City The move is a major step forward in the already growing Israeli-Emirati cooperation after that leading GCC countries and Israel signed the Abraham’s Agreement. The deal is still a major surprise, as if agreed and put into action will deliver a major stake in Israel’s energy resources to the Emiratis, a move not imaginable a year ago. Since last year, a wide-range of military-security and energy related contracts and agreements have been signed between Abu Dhabi parties and Israeli companies. As stated in an official press release, Delek and Mubadala have agreed to an US$1 billion deal, that will bring the 22% stake of Delek into the hands of the SWF. Delek Drilling, in a notification to the Tel Aviv Stock Exchange and the Israel Securities Authority, indicated that the deal also entails an additional $100 million conditioned on certain terms and goals being met. The expected deal should be finalized by May 31. ....
The Tamar offshore natural gas platform. (Delek Drilling) Israeli energy giant Delek Drilling announced Monday that it had signed a memorandum of understanding to sell its entire stake in Israel’s Tamar offshore gas field to the Abu Dhabi government-owned Mubadala Petroleum, potentially handing the United Arab Emirates a major share in one of the Jewish state’s key strategic and economic assets less than a year after the countries established diplomatic ties. The deal for the 22 percent stake is worth $1 billion, with an additional $100 million conditioned on certain terms and goals being met, according to a notification about the agreement sent by Delek Drilling to the Tel Aviv Stock Exchange and the Israel Securities Authority. The companies said they aim to finalize the deal by May 31. ....
Tamar Offshore Gas Deal Abu Dhabi SWF Mubadala Israel's Delek fxempire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxempire.com Daily Mail and Mail on Sunday newspapers.
Israel's Leviathan field to sell $1.7 billion of natgas in 2021, Delek says | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff 2 Min Read JERUSALEM (Reuters) - Israel’s offshore Leviathan field will sell about $1.7 billion of natural gas in 2021, or around 10 billion cubic meters (BCM), about 12% more than previously forecast, Delek Drilling said on Wednesday. It had previously estimated sales below 9 billion BCM this year. Delek Drilling is a partner with Chevron in Leviathan, Israel’s largest gas field, which came online the end of 2019 and supplies Israel, Jordan and Egypt with gas. “The continued rise and the stability in the actual export of gas to Egypt, alongside the increased demand in the domestic market, has led us to increase the forecast for sales and production from the Leviathan reservoir,” said Delek Drilling CEO Yossi Abu. ....