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Newmed Energ Pu ( (IL:NWMD) ) just unveiled an announcement.
Newmed Energ Pu announced a Memorandum of Understanding for the export of natural gas from the Aphrodite reservoir in Cyprus to Egypt, marking a notable advancement in their operations. This agreement may enhance Newmed Energ’s position in the regional natural gas market and potentially impact stakeholders by expanding their export capabilities.
More about Newmed Energ Pu
Newmed Energ Pu operates in the energy sector, focusing on the exploration and export of natural gas. The company is involved in significant projects like the Aphrodite reservoir in Cyprus, working alongside partners Chevron Cyprus Limited and BG Cyprus Limited.
YTD Price Performance: 20.22%
Average Trading Volume: 1,045
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.41B
For an in-depth examination of NWMD stock, go to TipRanks’ Stock Analysis page.