Connecting the Gulf to the Med

The Europe-Asia Pipeline Co has signed an agreement with the Med-Red company to convey UAE oil from Eilat to Ashkelon. It will save shipping the oil through the Suez Canal, benefiting the Israeli economy economically and cementing strategic joint Israeli-Arab relationships.

This entry was posted in Economy & Business. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *