How Israel lost to the Iranians: a surprising tale of pipeline politics
Article from: OGEL 2 (2007), in Pipelines
Israel and Iran have had surprisingly-successful commercial ties in recent years, among which has been the transport of oil by pipeline between the Israeli ports of Eilat and Ashkelon, and resulted in the formation of the Eilat-Ashkelon Pipeline Co after the Six-Day War in 1967. However, the relationships soured after the Iranian Revolution in 1979, and the consequences are still the subject of billion-dollar arbitration claims being examined in the international legal arena. In spite of the belligerent declarations of Iran's leaders President Mahmoud Ahmadinejad repeated ...