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[Israel has been planning a pipeline for years - before the Gaza war. The pipeline would meet the Mediterranean just above Gaza. Coincidence?]
The ‘Pipeline Economics’ behind Gaza conflict
Jan 2024
Hamas killed hundreds of innocent people and kidnapped many others at a rave party in the Negev desert on the Israel-Gaza border on October 7, which invited a sharp retaliation from the Jewish country. But what were their real intentions? What is the economics behind the attack?
It is a secret oil pipeline running through the vast Negev desert near the Gaza Strip that is a lifeline for Israel. The infrastructure is also a potential competitor to the Suez Canal, one of the only two transit points between Europe and Asia for shipping lines that carry billions of dollars of crude oil daily.
The 158-mile pipeline connects Israel’s oil refineries to the Red Sea coast. Hamas and Houthis, who are targeting pipeline choke points in Israel, see everything that boosts the Israeli economy as a threat.
Before a catastrophic oil spill a few years ago, Israel’s state-owned Eilat Ashkelon Pipeline Co., now the Europe-Asia Pipeline Co. (EAPC), was the country’s best-kept national secret.
However, EAPC may become the world’s leading oil transport system, supplying Israel, and safely transporting billions of barrels of oil from the Middle East to Europe and the rest of Asia.
Sense in the senseless
Iranian ships heading to Europe would carry oil to Eilat, Israel’s southernmost tip, on the Red Sea. Ashkelon, a Mediterranean city 5 kilometres north of northern Gaza, received the oil from there. The pipeline crossed Egypt’s 200-kilometre-wide Sinai Peninsula, separating it from the Suez Canal.
The 1979 Iranian Revolution ended this possibility and changed Israel-Iran relations. Israel briefly let Iranian oil into the pipeline following the revolution. After that, the two nations became each other’s enemy.
EAPC briefly gained attention in 2014 when a pipeline breach sparked Israel’s biggest environmental crisis. The EAPC pipeline died again until the 2021 Abraham Accords with the UAE, Israel, and Bahrain. Israel and the UAE discussed the Red Sea-Mediterranean EAPC oil pipeline. This pipeline’s operations have been kept secret by Israeli officials.
Major historical events like the Soviet-Afghan struggle, the Azerbaijan-Armenia rivalry, the Russia-Ukraine conflict, and the Israel-Hamas war occurred along significant trade corridors, which intersect the seven global choke points.
What is the attack tactic and whose hands are the boorish radicals? Iran, Qatar, Russia, and China would rejoice if Israel’s oil pipeline and Eilat project were destroyed because they threatened their dominance over regional routes.
https://globalbusinessoutlook.com/magazine/economy-magazine/the-pipeline-economics-behind-gaza-conflict/