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UAE Israel Oil Deal on Hold
By Micah Halpern

Tuesday July 27, 2021
I've Been Thinking:

Israelís Ministry of Environmental Affairs froze a deal with the UAE.

The ministry explained their actions saying that the standards Israel requested to protect the environment were not met by the UAE and until they are, the deal is frozen.

The deal was that the UAE would ship oil, by tanker, to the port of Eilat. From Eilat, a pipeline would take the oil inland to the port in Ashkelon where it would be shipped to Europe.

The pipeline was called the Med-Red Land Bridge, and it was a product of a joint Emirati-Israel company called Med-Red Land Bridge LTD.

Work on the pipeline has not yet begun, so the oil would have been trucked.
Details and safety aspects of the pipeline have not been made public. Therefore, the courts found that the safety of the environment was not guaranteed Ė and the deal was frozen.

This may push the push the parties to act quickly and responsibly.

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1 August 2021 10:14 PM in Thoughts


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