The Israeli newspaper, Haaretz, revealed that Prime Minister Naftali Bennett and his Foreign Minister Yair Lapid are conducting consultations to reconsider an agreement signed with the UAE to transport Gulf oil to Europe via Israel.
In its report, the Israeli newspaper indicated that “there is talk about the agreement signed by the Israeli government’s Eurasian Pipeline Company (EAPC) with the UAE, during the era of former Prime Minister Benjamin Netanyahu, to transport Emirati oil from the Gulf through Israel to Europe, and experts said it harms in the Egyptian Suez Canal.
Israel reconsiders oil agreement with UAE
The newspaper pointed out that “the first meeting on this issue is scheduled to be held in the coming weeks, with the participation of specialists from the Israeli Prime Minister’s Office, and the ministries of Foreign Affairs, Finance, Energy, Justice and Environmental Protection,” while another meeting of ministers responsible for the issue will be held in order to formulate the government’s position.
According to Haaretz, the Israeli Energy Minister, Karen Al-Harr, had previously indicated that “her ministry believes that the agreement signed by the Eurasian Pipeline Company does not benefit Israeli citizens.”
The newspaper quoted Al-Harr as saying: “Our position in the Ministry of Energy is that we do not see any energy benefit to the Israeli economy from this agreement.”
Al-Harr explained in a meeting with representatives of organizations active in the field of environmental protection, saying: “If it is canceled, we will not see any harm in this area,” noting that “the current government has not yet determined its position on the agreement.”
Read also: After normalization, Israeli planes will protect the Expo 2020 in Dubai!
After the Israeli Minister of Environmental Protection, Tamar Zandberg, announced that she opposed this agreement, Bennett and Lapid decided to reconsider the agreement. It weighs the benefit of the agreement for Israel against its risks.
The normalization agreement and the opening of the embassy
About a week ago, and less than a year after the signing of the agreement to normalize relations with the Jewish state, the UAE officially opened its embassy in Tel Aviv in the new stock exchange building.
The headquarters is located in the heart of the financial center of Israel, which reflects the role played by the economic cooperation between the two countries from about a year ago until today.
In addition to the UAE, Bahrain, Morocco and Sudan signed similar agreements that angered the Palestinians. Israel reached these agreements during the era of former Prime Minister Benjamin Netanyahu.
Follow our YouTube channel to see all the new
Click here and hit the subscribe button