UAE Says Scrapping of Oil Pipeline Deal ‘Won’t Harm’ Ties with Zionist Entity

 

The oil deal, involving Israeli-owned Europe-Asia Pipeline Company (EAPC) and an Israeli-Emirati company called MED-RED Land Bridge Ltd was signed in October 2020. The agreement would have seen Gulf oil brought to the Red Sea port of Eilat by tanker, then moved by pipeline through the occupied territories to the Mediterranean port of Ashkelon, from where it would be shipped to Europe.