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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.
An Egyptian soldier stands guard during an organised tour for diplomats to mark the 150th anniversary of the inauguration of the Suez Canal, in the northeastern city of Ismailia on November 17, 2019. - One hundred and fifty years after the Suez Canal opened, the international waterway is hugely significant to the economy of modern-day Egypt, which nationalised it in 1956. The canal, dug in the 19th century using "rudimentary tools" and which links the Mediterranean to the Red Sea, was opened to navigation i

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. 

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