LONDON, May 2 (Reuters) – BP will transfer assets into a new joint venture it is forming with the Abu Dhabi National Oil Co (ADNOC) focused on developing new gas resources in the East Mediterranean, BP’s Chief Financial Officer said on Tuesday.
BP and ADNOC said in March they had made an offer to buy a 50% stake in Israeli offshore gas producer NewMed Energy for around $2 billion and that the two were forming a joint venture.
To continue reading the original article please click here
About EMC: EMC is a key platform in the energy calendar bringing together government representatives, Global CEOs, NOCs, IOCs, International Service Providers, EPCs, consultants and financiers to address the evolving opportunities in global energy markets. EMC 2023 is the premier energy gathering in the Eastern Mediterranean. For more information please email conference@emc-cyprus.com or visit www.emc-cyprus.com
