Page 16 - DMEA Week 19 2021
P. 16

DMEA                                         NEWS IN BRIEF                                             DMEA
































       country.” Iran has been highly developing its   large fire blazing the Trans-Israel energy   Pipeline Company, which was still 50% owned
       petrochemical industry over the past few years  pipeline in Ashkelon, after a rocket from Gaza   by Iran, was used in different capacities.
       as the development of the giant South Pars   hit a container at the plant during the rocket   Under an arrangement reached with Russia
       gas field (Iran shares with Qatar in the Persian   fire Tuesday evening.  in 2003, the company reversed the pipeline’s
       Gulf) has been supplying more feedstock to   It is believed that the blaze, whose flames   direction in order to deliver oil from
       the petrochemical units.            rose hundreds of feet into the air Tuesday   Novorossiysk to Ashkelon, pipe it through to
         According to the National Petrochemical   night, may take several days to completely   Eilat and then ship it on to Asian markets.
       Company (NPC), the second leap of the   extinguish. Millions of gallons of oil are   Starting in 1994, Iran began suing Israel
       petrochemical industry is going to be realized   believed to be held in the container, and the   in international courts, claiming it was owed
       in the current Iranian calendar year (started   Home Front Command Center has called on   money for EAPC’s revenues and assets. A
       on March 21) to boost the country’s annual   residents nearby to avoid leaving their homes,   Swiss court ruled in 2016 that Israel owed Iran
       petrochemical revenues up to $25 billion.  to avoid breathing the toxic chemicals in the   $1.1 billion plus interest for its share in the
         The third leap of the industry, which is   air.                        company. Israel never paid, citing the Trading
       aimed to increase the revenues from the   US energy corporation Chevron said it had   with the Enemy Act.
       mentioned sector to $37 billion, is also   shut down the Tamar natural gas platform   The pipeline has long been the subject of
       planned to take place in the Iranian calendar   off the Israeli coast on the instructions of the   criticism by environmentalists, and has been
       year 1404 (begins in March 2025).   Energy Ministry on Wednesday. Israel said its   party to several of Israel’s worst ecological
         According to President Hassan Rouhani,   energy needs would continue to be met.  disasters over the years, including the massive
       the country’s petrochemical production   It is believed that the oil in the containers   Nahal Zin oil spill of 2011 and the Evrona
       capacity has nearly doubled over the past   had come recently from the United Arab   Nature Reserve oil spill in 2014.
       eight years. “The petrochemical production   Emirates, as part of an oil delivery agreement   After the Abraham Accords normalized
       capacity is expected to reach 100 million tons   with the country that began just weeks earlier.   relations between Israel and the United Arab
       in the current year and this shows that a lot   It has also been suggested that the container   Emirates last year, an agreement was reached
       of work has been done. the revenues from the   may have been pierced by new, heavier rockets  to transport Emirati oil from the Gulf of
       petrochemical industry have helped us during   that Hamas introduced in the latest round of   Aqaba to the Mediterranean through the
       the years of economic war and sanctions,”   fighting.                    pipeline. The first oil deliveries from the UAE
       Rouhani said earlier.                  The Trans-Israel pipeline has an interesting   reached Eilat just weeks before the current
         The president noted that 17 petrochemical   history. The line runs from Eilat, on the   round of violence with Gaza.
       projects worth about $12 billion were planned   Gulf of Aqaba at the northern tip of the Red   JPOST
       to be inaugurated across the country to realize   Sea, through the Negev Desert region, on to
       the second leap of the industry, of which 12   Ashkelon, a port city on the Mediterranean
       were put into operation in the previous year   Sea.                      TERMINALS & SHIPPING
       and the rest will go operation this year.  It was built in 1968 in a joint venture with
       TEHRAN TIMES                        Iran, during a time when the two countries   Jordan announces tender to
                                           had close relations, and was intended to
                                           transport crude oil from the Islamic Republic   transport oil from Iraq
       PIPELINES                           to customers in Europe and Israel.
                                              The pipeline was a lifeline for both   The Jordanian Ministry of Energy and
       Fire continues to blaze at          countries when Egypt closed the Suez   Mineral Resources has launched a tender to
                                                                                transport crude oil by road from the loading
                                           Canal in 1967, and Iran had no other way
       Ashkelon’s Trans-Israel             to complete deliveries to Europe. However,   site in Iraq to the Jordanian Petroleum
                                                                                Refinery site in Zarqa at a rate of 10,000
                                           that cooperation was canceled when the 1979
       pipeline                            Islamic Revolution led the shah of Iran to   barrels per day, an Iraqi government official
                                                                                said.
                                           sever all ties with the Jewish state.
       Firefighters are still working to control the   In the ensuing years, the Eilat-Ashkelon   The official, who declined to be named,

       P16                                      www. NEWSBASE .com                           Week 19   13•May•2021
   11   12   13   14   15   16   17   18   19   20