Delek has completed the $1bn sale of its 22% Tamar stake to the UAE’s Mubadala in the largest commercial deal between the two countries since the normalization of ties last year.
Israeli firm Delek Drilling announced on 9 December that it has completed the sale of its entire 22% stake at the 10.5tcf Tamar and 0.5tcf Dalit gas fields for $1.025bn to UAE state firm Mubadala. This follows an MoU signed in April, followed by a binding agreement signed in September (MEES, 3 September). (CONTINUED - 875 WORDS)
