ADNOC, BP pause $2bn NewMed acquisition talks due to Palestine conflict

Discussions regarding an offer made by British energy supermajor BP and UAE’s ADNOC to buy a 50% stake in Israel-based gas producer NewMed Energy were suspended due to the escalating Israel-Palestine conflict. Since the conflict began shipping has been affected by attacks from Houthi rebels on vessels in the Red Sea in support of Palestine. …

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