Saturday, August 28, 2010
who is selling whom?
"Egyptian daily "Al Shaab" reports that the Egyptian government is seeking to buy back 1.5 billion cubic meters of natural gas sold to Israel as part of the deal signed in 2005, under US pressure, and whose price per cubic meter was set at a level that in retrospect was significantly lower than the market price. Anonymous sources told "Al Shaab" that internal discussions at Egypt's Ministry of Petroleum and Mineral Resources determined that at least half the natural gas sold to Israel under the deal would have to be repurchased at $14 billion, even though it was sold for $2 billion".
Posted by As'ad AbuKhalil at 6:31 AM