Wednesday, April 13, 2011

Egypt to revise all foreign gas deals, including Israel's

CAIRO — Egypt's prime minister has asked for the revision off all contracts to supply gas abroad, including to Israel, the official news agency MENA reported on Wednesday.

Egypt supplies an estimated 40 percent of Israel's gas in what, under ousted president Hosni Mubarak, was a highly controversial deal.

Prime Minister Essam Sharraf "has directed the revision and review of all gas contracts Egypt agreed to with all countries, including Jordan and Israel," MENA said.

The contracts are to be revisited so the gas "would be sold with deserved prices that achieve the highest returns for Egypt," it added.


Full article here: http://www.google.com/hostednews/afp/article/ALeqM5grl7pmed1mRRcBs9iJPKteN5vJZQ?docId=CNG.02e59dd6cb2c6353408522f79d0dd27f.371

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