BP and Abu Dhabi National Oil Co. suspend major purchase in Israeli gas firm
Publishing timestamp: 2024-03-13 13:26:53
Summary
Plans for BP and Adnoc to purchase a 50% stake in Israeli gas producer NewMed Energy are on hold due to regional turbulence. The companies have suspended discussions, but the deal is not permanently off the table. Israel has been pursuing closer ties with Arab states, including the UAE, since the signing of the Abraham Accords in 2020.
Sentiment: MIXED
Keywords: foreign policy, breaking news: economy, israel, united arab emirates, economy, newmed energy lp, bp plc, dubai, oil and gas, energy, business news, politics, breaking news: politics, government and politics,
Source: https://www.cnbc.com/2024/03/13/bp-abu-dhabis-adnoc-suspend-major-purchase-in-israeli-gas-firm.html