BP and Abu Dhabi-owned Adnoc's $2 billion bid to purchase a 50% stake in Israeli company NewMed Energy has been suspended. The offer was put on hold even before October, according to reports. The decision comes amid regional tensions, including the conflict in Gaza.
#BP and the #UAE’s state energy firm suspend a $2 billion bid to buy a major stake in Israel’s #NewMedEnergy, as the war in Gaza roils the wider region. https://t.co/TCoKQMzjmo
BP and Adnoc halt plans to buy 50% stake in an offshore oilfield owned by Israel’s NewMed…. Just fyi these plans were on hold/ under review even before October #OOTT #Adnoc
BP and Abu Dhabi National Oil Company suspend major purchase in Israeli gas firm https://t.co/LzFPCx3xf9
#Israel's NewMed says BP, ADNOC buy-in offer on hold https://t.co/IantuTQ0Sm
Israel's NewMed says BP, ADNOC buy-in offer on hold https://t.co/1bdk2fqzK7 https://t.co/h7RXyUo9Bp
BP and Abu Dhabi-owned Adnoc's bid to buy a 50% stake in NewMed Energy for $2 billion is suspended, the Israeli company says https://t.co/EGnNU1YEuU