Israeli company Delek inks deal to sell its stake in natural gas field to Emirati company

(MENAFN)Israeli company Delek Drilling inked a deal for the sale of its stake in a natural gas field to Abu Dhabi�s Mubadala Petroleum. The agreement put the future sale of the Israeli company's 22 percent stake in the Tamar natural gas field offshore Israel in the Eastern Mediterranean for USD1.1 billion, according to Israeli Broadcasting Corporation. The broadcasting authority quoted Israeli Energy Minister Yuval Steinitz as saying that "the memorandum of understanding to sell a share of the offshore Tamar natural gas field to Mubadala Petroleum indicates the success of implementing the gas plan, which aimed to break the monopoly in this field." Israel and the UAE inked a deal to normalize ties amid the two countries.