Monday, April 4, 2011

Egypt claims price difference from Israel

Egyptian Foreign Minister Nabil Elarabi

Source: Press TV

Egyptian Foreign Minister Nabil al-Arabi says the Camp David Accord includes no articles which would oblige his country to sell cheap oil and gas to Israel.

He told an Egyptian TV network that anyone who interprets the accord as such is truly mistaken.

Therefore, the top Egyptian diplomat said, Cairo is to claim the difference of the price charged for the natural gas exported to Israel and the real market rate.

He said former Egyptian President Hosni Mubarak was Israel's “strategic treasure,” meaning this would not be the case from now on.

Al-arabi also underlined that Iran should not be regarded as a hostile country.

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