Source: Middle East Institute
Author(s): Rauf Mammadov
Original Link: http://www.mei.edu/content/article/israeli-egyptian-gas-deal-politics-or-business-usual
On Feb. 19, a consortium of oil companies led by the U.S.’s Noble Oil and Israel’s Delek signed a contract to supply the Egyptian energy company Dolphinus with up to 32 billion cubic meters of Israeli gas over ten years.
The deal jolted people in the Middle East and beyond. The Egyptian public wondered why Egypt, the second-largest natural gas producer in Africa, was importing gas. Even more startling was that the deal came against a backdrop of the recent inauguration of Egypt’s huge Zohr gas field. While the leaders of both countries applauded the deal, it caused a public outcry in Egypt….
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