Thursday, 29 October 2020
Sunday, 20 September 2020 10:35

Away from the Suez Canal, an oil line between Israel and the UAE via Saudi Arabia

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An oil pipeline between Israel and the Emirates harms Egypt's interests An oil pipeline between Israel and the Emirates harms Egypt's interests Photo source: - Compilation of news visibility from Google

Egyptian news vision: Negotiations are taking place between the UAE and Israel regarding the establishment of an oil pipeline and its derivatives that passes through Saudi territory to the port of Eilat via the Red Sea, and from there to the port of Ashkelon.

According to the Globus economic newspaper, the project will be suitable for transporting crude to European markets in particular, and will be a bypass of the dangerous shipping routes from the Strait of Hormuz and the coast of Somalia.

This pipeline will save the costs of transporting crude by oil tankers through the Suez Canal.

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