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The latest announcement is out from Newmed Energ Pu ( (IL:NWMD) ).
Newmed Energy has received approval for an updated development plan for the Aphrodite reservoir in Cyprus, which includes the implementation of Front-End Engineering Design (FEED) and Pre-FEED, with a final investment decision projected for 2027. The project aims to begin production by 2031 with a maximum capacity of 800 MMCF per day, while ensuring high environmental and safety standards, with project partners Chevron Cyprus Limited and BG Cyprus Limited holding significant stakes.
More about Newmed Energ Pu
Newmed Energy is a company involved in the energy sector, focusing on the development and production of natural resources. The company engages in projects like the Aphrodite reservoir in Cyprus, aiming to enhance its market position through strategic partnerships and advanced engineering designs.
YTD Price Performance: 20.22%
Average Trading Volume: 1,045
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.41B
For detailed information about NWMD stock, go to TipRanks’ Stock Analysis page.
