00:00 So, despite this war between Palestinians and Israelis, which increases geopolitical risks in the Middle East,
00:10 all of BP and Adnok are still in the acquisition deal with the Israeli company NewMed.
00:20 Let's talk about the details of this deal and what it means, especially regarding the land owned by NewMed.
00:30 Where did this news come from? It was from BP, which said that the acquisition deal with NewMed is still on the right track.
00:41 This deal is worth more than 2 billion dollars, and it will be owned by Adnok and BP by 50% of NewMed Energy.
00:51 NewMed Energy has a share of 45.3% in Leviathan in Israel,
00:59 with Chevron owning 39.7% of this land and a ratio of 15%.
01:09 So, NewMed Energy has a bigger share in Leviathan.
01:14 There were some doubts about the completion of this deal, which we will talk about later.
01:20 But, we should point out that a close representative of Adnok told Reuters that it is still committed to the acquisition deal.
01:27 So, we have confirmation from BP and Adnok that they will continue with this deal.
01:33 So, what was happening? During the last period, we had doubts about the completion of this deal.
01:39 The reason for this is that NewMed has appointed an independent council,
01:43 which gave a recommendation to raise the asking price by 10%.
01:51 This is before the geopolitical tensions in the region start.
01:55 But, today we are hearing from BP and Adnok that the deal is still on the right track.
02:01 So, NewMed is the biggest contributor to the Leviathan gas field.
02:04 And, as we have talked about, once this deal is completed, what will happen?
02:09 BP and Adnok will own 45% of NewMed Energy, and 5% of Delic Group.
02:17 The remaining 50% will be owned by Delic Group, and will be private shares for Delic Group.
02:26 This is NewMed's contribution since the beginning of the military conflict.
02:29 Of course, it has been a sharp decline, more than 14% of the share,
02:33 especially due to the geopolitical developments and how it has affected the work of NewMed and Chevron in the Israeli gas fields.
