Mubadala completed the acquisition of a 22% stake in the Tamar gas field from Delek Drilling for $1.03bn.

Mubadala completed the acquisition of a 22% stake in the Tamar gas field from Delek Drilling, an Israeli energy oil & gas partnership, for $1.03bn. "This transaction has the potential to be another major development in our ongoing vison for Natural Gas commercial strategic alignment in the Middle East, whereby Natural Gas becomes a source of collaboration in the region. We are proud to have signed this MoU following the Abraham Accords Peace Agreement between Israel and the UAE. The development is not only a significant endorsement of the quality of the Tamar reservoir and the Levant basin but also a major support for the East Mediterranean Natural Gas sector. I would like to thank my counter party at Mubadala Petroleum and our clients in Israel, Egypt and Jordan," Yossi Abu, Delek Drilling CEO.