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Israeli and Egyptian Partners Take Control of Key Gas Pipeline

Desert Clean Up Of Crude Oil From Israel's Worst Spill

Photographer: Ariel Jerozolimski/Bloomberg

Companies developing Israel’s largest natural gas fields and their Egyptian partner have taken control of a pipeline connecting southern Israel and Egypt’s Sinai desert, removing one of the last obstacles to a major export contract between the countries.

Shares in the East Mediterranean Gas subsea pipeline were transferred to Israel’s Delek Group Ltd., Houston, Texas-based Noble Energy Inc. and Egypt’s East Gas Go., according to a Tel Aviv Stock Exchange statement on Sunday.