Israel and UAE Open Talks Over Top-Secret Oil Pipeline
- Companies sign agreement over Israel’s Eilat-Ashkelon pipeline
- Pipeline was built by Israel and Iran when they were allies
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Israel and the United Arab Emirates have opened talks over an oil pipeline linking the Red Sea with the Mediterranean, whose operations Israeli officials treat as top secret.
Europe Asia Pipeline Co., controlled by Israel’s government, and UAE-based MED-RED Land Bridge Ltd. signed a memorandum of understanding to collaborate on the transportation of crude and oil products between the Persian Gulf and Western markets, according to an EAPC statement on Tuesday.