Wednesday, June 22, 2011

Al-Jazeera Video: Renegotiating the Egypt-Israel gas deal

"For years, Egypt has been selling gas to Israel and Jordan at a bargain rate - and mostly to the benefit of just a few allies of Hosni Mubarak's regime.

Now, Egypt is asking the two countries to pay international gas prices, while some Egyptians even want the interim government to annul the deal in its entirety.

The move has angered investors and threatened to further strain relations between Egypt and Israel.

But following the revolution, profiteering at the state's expense is no longer being tolerated by some.

Al Jazeera's Ayman Mohyeldin reports from Cairo."

No comments: