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Political Risk / Egypt

Gas Deal Could Cause Tensions

November 2008 | Political Risk Alert

An Egyptian court has ruled in favour of a motion to ban natural gas exports to Israel. Egyptian natural gas consortium EMG began exporting the shipments under a US$2.5bn deal, which was originally struck in 2005, in April, but the opposition Muslim Brotherhood objected strongly, with one of the group's parliamentary representatives, Husan Ibrahim, calling it 'a disaster that must be stopped'.

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