Egypt concerned UAE-Israeli pipeline project will affect Suez Canal
Egyptian officials have been expressing concern over the anticipated competition from the Eilat-Ashkelon pipeline project that would transport Emirati oil to Ashkelon in Israel and from there to European markets.
CAIRO — The head of the Egyptian Suez Canal Authority (SCA), Osama Rabie, expressed Jan. 29 his country’s concern over the Eilat-Ashkelon pipeline project between the United Arab Emirates (UAE) and Israel.
The project will allow Israel to transport Emirati oil to its Ashkelon port and from there to European markets.
