In 1968, when Israel and the Iranian imperial monarchy enjoyed excellent relationships, the two countries set up a joint company (the EAPC) to manage the Eilat-Ashkelon pipeline
After the toppling of the Shah and the establishment of the Islamic Republic, it appears that Israel nationalized the pipeline. In 2015, a Swiss Tribunal fixed the compensation due from Israel to Iran at 1.1. billion dollars. But this sum was never paid.
Today, the pipeline has a second pipe parallel to the first. This means that it can be used in two directions. From now on, the company is managing two oil terminals.
The information on EAPC has been submitted to Israeli military censorship. Any publication on the properties of this company, such as that published at the end of this article, is punished by 15 years in prison.
The oil concession is coming to an end in 2018 and the Netanyahu government has discreetly authorized renewing it. However a new company called EAPC-B has replaced the former company, EAPC. The Foreign Affairs and Defense Committee of the Israeli Parliament has extended the military reporting ban to information on this new company.
It is clear that, contrary to official declarations made by the two parties, the EAPC is still a company governed by public law and held by exclusively by Israel and the Islamic Republic in equal shares.
Read also: “Should US policy against Iran be taken seriously?”, by Thierry Meyssan, Translation Pete Kimberley, Al-Watan (Syria) , Voltaire Network, 17 October 2017.