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News Today: Israeli pipeline, once a link to Iran, will remain a mystery - Hot News-News of the United States was founded in 1933 by David Lawrence (1888-1973), which also started the World Report in 1946. The two magazines are covering national and international news separately, but Lawrence combines them into news reports of U.S. in World and 1948 [1] and Later sold the magazine to its employees. Historically, this magazine tends to be a bit more conservative than the two main competitors, Time and Newsweek, and focus more on the story of economic, health, and education. It's also distancing news, entertainment and sports celebrities. [2] an important milestone in the history of the beginning of the magazine is including the introduction of the "Washington Whispers" column in 1934 and the column "News You Can Use" in 1952. [3] [4] in 1958, the circulation of the weekly magazine passed one million and two million in 1973. (
wikipedia) News Today: Israeli pipeline, once a link to Iran, will remain a mystery - Hot News
JERUSALEM (Reuters) - An oil pipeline company established decades ago by Israel and Iran, and a new Israeli company that is meant to replace it, can continue to operate secretly, an Israeli parliamentary committee ruled on Sunday.The Eilat-Ashkelon Pipeline Co (EAPC) was a joint venture set up in 1968, when the two nations were friendly, to transport Iranian oil via Israel to the Mediterranean. Ties were cut after Iran's 1979 Islamic revolution, and the enemies are now locked in arbitration that could be worth billions of dollars.
Although Iranian oil no longer flows through the pipeline, EAPC has become a major distributor of oil in Israel, with ambitions to become a leading trade hub.
It also added a reverse-flow system so oil from the Black or Caspian Seas can be shipped from Eilat, Israel's southernmost city and port, to southern Asia and the Far East, and increased its storage capacity for traders in the region.
Israel, worried about national security, maintains tight control over EAPC, to the extent that articles about its business dealings must pass through the military censor.
Instead of renewing EAPC's concession, which came up this year, Israel formed a new company with the same initials, the Europe Asia Pipeline Co, owned by the government. It will take over the original EAPC's responsibilities by September, with an option to extend the handover period an additional six months.
Parliament's Foreign Affairs and Defense Committee said in a statement on Sunday that it had extended the gag order on EAPC for five more years and broadened it to include the new company, known as EAPC-B, as well.
Calls to end the secrecy surrounding EAPC emerged after its pipe burst in 2014, spilling millions of liters of oil into a desert nature reserve in Israel’s worst spill.
After an Israeli environmental group petitioned the Supreme Court, the gag order was narrowed slightly to exclude issues like environmental impact and safety measures. The company's primary dealings, including the sources of oil and how it is used, are still under censorship.
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