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Saturday, 26 March 2011

When Is A Contract Not A Contract?

When it’s made by a Muslim, of course; then it’s just a temporary cessation of hostilities until he, the Muslim, can stick one to you.
 
On the 25th. it was reported in Ma'ariv that the supply of natural gas from Egypt to Israel, which was suspended in early February after an explosion on a natural gas pipeline between el-Arish and Ashkelon, had not been resumed despite reports the previous day in other publications that they had done so on March the 15th.
 
Apparently the Egyptian Government is re-examining the contract to supply Israel with 60 million cu.ft. of natural gas every year for fifteen years that it negotiated back in 2005.
 
Egyptian Petroleum Minister Mohamed Abdullah Ghorab said reviewing the contracts would better serve the interests of the country’s energy sector as well as its people, reports Egyptian newspaper Al-Masry Al-Youm. Apparently His Excellency Minister Ghorab has also said that he will need at least another month to review the contract.
 
Israel is not by any means entirely dependent on Egyptian gas supplies although it is thought that about twenty percent of the country’s electricity generation capacity is powered from these supplies.
 
From Ma’ariv:
 
It should be noted that when supplies were first cut off as a result of an
explosion that Israelis associated with the business confidently told the
Israeli media that the Egyptians would renew supplies because failing to
honor the supply contract would “constitute an act of war.”
 
Instead it has apparently turned out that Israel has accepted the principle
that a contract that was supposed to be valid for 15 years can be
renegotiated after 6 if the Egyptians want.
 
And so it begins!

 

Posted on 03/26/2011 10:05 PM by John M. Joyce
Comments
26 Mar 2011
Send an emailHugh Fitzgerald

This is not what Grant Gilmore had in mind when he wrote "The Death of Contract." 






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