Mubarak questioned on Israel gas deal

The former Egyptian president insists that it was former Oil Minister Samih Fahmy who was responsible for the deal.

Former Egyptian President Hosni Mubarak faces more questioning on natural gas sales to Israel at prices that were allegedly below international market levels. Egypt's public prosecutor who is conducting the investigation claims that Egypt lost $714 million on the deal which "hurt Egypt's interests."

Details about the investigation have been leaked to the Egyptian media claiming that Mubarak has denied having inappropriate contacts with former Israeli Minister of National Infrastructures Binyamin Ben Eliezer. Mubarak reportedly said that former Egyptian Oil Minister Samih Fahmy and his technical advisors were responsible for the deal with Israel.

Mubarak reportedly said during the investigation, "The responsible committees submitted a report to me saying that price Israel was offering was in accordance with world prices."

Earlier in the week Fahmy said in his interrogation, "The gas deal with Israel was the responsibility of Mubarak and previous Egyptian ministers - I had no connection to it."

Fahmy is being charged with selling gas to seven countries including Israel at prices below those on world markets.

Published by Globes, Israel business news - www.globes-online.com - on April 24, 2011

© Copyright of Globes Publisher Itonut (1983) Ltd. 2011

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
MORE FROM GLOBES
Twitter Facebook Linkedin RSS Newsletters גלובס