Yitzhak Tshuva's company, New Med Energy, has announced to the Tel Aviv Exchange that negotiations for the sale of 50% of its shares have been terminated due to "a high level of uncertainty."
The potential buyers of this stake in New Med Energy, which holds 45% ownership of the Israeli Leviathan gas field, were slated to be the British oil-producing company British Petroleum and the state oil-producing company of the Abu Dhabi emirate, ADNOC.
It's worth noting that Tshuva had previously sold his rights to the Tamar field to another state-owned company from Abu Dhabi; Mubadala Investment Company.
