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Global Energy Stategic Resources

Middle East

MIDDLE EAST

  • ISRAEL-UAE: Israeli pipeline company EAPC had signed a preliminary deal to help transport oil from the United Arab Emirates to Europe via a pipeline that connects the Red Sea city of Eilat and the Mediterranean port of Ashkelon. It would save time, fuel and costs versus crossing the Suez Canal, to transport oil back and forth between other countries. It could provide quicker access for consumers in Asia to oil produced in the Mediterranean and Black Sea regions.

SOURCE: REUTERS

 

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Categories
Geopolitical conflicts

Middle East

MIDDLE EAST

  • After the peace agreement signed recently, Israel will propose that the UAE help promote the construction of a land pipeline between Saudi Arabia and Israel for oil and distillates for shipping from the Mediterranean coast onto Europe and North America using the existing infrastructure of the EAPC pipeline. Such plan would be cheaper and safer by bypassing the dangerous and costly Straits of Hormuz and Suez Canal shipping routes.

SOURCE: GEOPOLITICS NEWS

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