A deal signed earlier this year for UAE state firm Mubadala to pay $1.025bn for Israeli firm Delek’s 22% stake in the country’s second largest field Tamar marked the largest bilateral deal to date following 2020’s Abraham Accords (MEES, 30 April).
Israel’s Energy Ministry approved the Mubadala deal on 24 November. Delek Drilling says that with this “all of the CPs [conditions precedent] for the transaction have been fulfilled.” As such “the date for completion of the transaction is expected to be in accordance with” the definitive Delek-Mubadala deal of 2 September (MEES, 3 September), that is to say on the seventh working day of December (9 December). (CONTINUED - 220 WORDS)
