Despite much fanfare surrounding the normalization of ties between the UAE and Israel in August last year, two key energy-focused MoUs are in danger of falling apart.
The most significant MoU, signed in April between Israeli private firm Delek Drilling and UAE state firm Mubadala, would see the latter pay $1.1bn for Delek’s 22% in the 10.5tcf Tamar gas field (MEES, 30 April). (CONTINUED - 590 WORDS)
