-- BP's $2 billion deal with Abu Dhabi National Oil Co--Adnoc--to jointly buy a 50% stake in Israeli gas producer NewMed Energy is still on track, despite doubts reported in the media and the outbreak of Israel-Hamas war, Reuters reports.

-- BP's head of gas and low-carbon energy, Anja-Isabel Dotzenrath, told investors at strategy day in Denver that the company remained very optimistic about the deal, Reuters reports citing sources present at the meeting.

-- The deal was cast into doubt after an independent panel appointed by NewMed recommended raising the asking price by 10% to 12% earlier this month.

-- BP didn't immediately respond for comment when contacted by Dow Jones Newswires.

Full story: https://tinyurl.com/mswp2zup

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

10-11-23 0705ET