Delek Drilling’s planned sale of its 22% stake in the Tamar gas field to Abu Dhabi state firm Mubadala Petroleum has grabbed headlines (see p2), but the firm is also finalizing the sale of its indirect stake through Tamar Petroleum in line with antitrust requirements. Tamar Petroleum holds 16.75% in the Tamar and Dalit fields.

Delek Drilling this week announced that “on April 27, 2021 it entered into an agreement with a third party for an off-TASE sale of its entire holdings (22.6%) in Tamar Petroleum, in consideration for the sum total of approx. NIS 100mn [$30.8mn] in cash.” Delek says the transfer of shares to the unnamed third party, which Israeli media states is local businessman Eli Azur, will be made by 9 May. The transaction was priced in line with Tamar Petroleum’s share price on the Tel Aviv Stock Exchange. (CONTINUED - 138 WORDS)