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Posted on 01/30/2011 11:50:44 AM PST by Nachum
The top shareholder in the East Mediterranean Gas Company (EMG) has fled Egypt, according to a report by the Associated Press.
Hussein Salem, a close confidant of President Hosni Mubarak and the controlling shareholder in EMG, which holds long-term sales contracts to supply natural gas to Israel, fled the capital over the weekend.
The company has a multi-billion dollar agreement the Israel Electric Corporation (IEC). Last month, a major agreement was also signed between EMG and Israel Corporation Ltd., Israel's largest holding company.
(Excerpt) Read more at israelnationalnews.com ...
Luckily Israel has found gas of its own.
“The company has a multi-billion dollar agreement the Israel Electric Corporation (IEC). Last month, a major agreement was also signed between EMG and Israel Corporation Ltd., Israel’s largest holding company.
Salem was joined by dozens of other wealthy Egyptian and Arab business leaders who crowded aboard 19 private jets Saturday at Cairo Airport, an unnamed official told AP.”
More signs that this is a planned event by leftist commies and Islamists(of which Obama is one or both). Now he can usher in a ‘marxist caliphate’ in the heart of the Middle East to counter Bush’s true democracy efforts in Iraq. Hey..I wonder if GE will get some cozy fascist deal in Egypt now brokered by Obama and his marxist Islamic buds?
IMPEACH!! It’s TIME..WAY PAST TIME!
Enough to export to Europe and Egypt, but they are out of time to set up the pipeline infrastructure...
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