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Middle East conflict made real: Israel to pay a billion dollars to Gaza

Posted By admin On May 24, 2007 @ 12:00 am In economy | 2 Comments

Israel negotiates with British BG group on buying gas from offshore gas field near Gaza. Barak gave the field to Arafat for unspecified cut and BG subsequently received the development rights. The field contains a trillion cubic feet of natural gas.
The gas deal adds one billion dollars annually to the cost of Israel abandoning Gaza to Arabs.

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