Israel’s environmental protection ministry has announced its decision to delay the implementation of a proposed oil exports transport deal with the United Arab Emirates, freezing a project that has angered environmentalists.

The agreement, which followed the UAE and Israel established diplomatic ties last year, would see Gulf oil brought to the Red Sea port of Eilat by tanker, then moved by pipeline through mainland Israel to the Mediterranean port of Ashkelon, from where it would be shipped to Europe.

The oil deal, involving Israel’s state-owned Europe-Asia Pipeline Company (EAPC) and an Israeli-Emirati company called MED-RED Land Bridge Ltd, has not launched.

But activists have sounded the alarm about potential threats to the northern Red Sea corals off Eilat’s coast.

Israeli environmental organizations challenged the plan in court, citing the risks of a devastating leak or spill, with tens of millions of tonnes of crude expected to be brought through Israel each year.

Read the full article here: Israel Freezes UAE Oil Deal Over Environmental Concerns – BBN | Breakbulk.News™

By Breakbulk