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    13-1-2009

    Reports to attorney-general against Egypt petroleum ministry

    The Freedoms Committee of the Bar Association yesterday reported the Egyptian Minister of Petroleum Sameh Fahmi to the Attorney-General and demanded urgent investigation into the suspicious deal for exporting Egyptian natural gas to Israel

    The Commission said the minister has disrespected the natural inclination of Egyptians that abhors Zionists and refuses any cooperation them.
    The report cited excerpts from an article published on March 11 by al-Masry al-Youm's Chief Editor Magdy el-Gallad saying that the Egyptian government exports natural gas to Israel at a subsidized price of only US$ 3 per cubic meter as per the assassin Binyamin Ben-Eliezer the Zionist Minister of Infrastructure, while the global price is US$ 12 per cubic meter, thereby wasting hundreds of millions of dollars from the state treasury.
    The report emphasized that the wealth of the people should not be sold to any party except with the consent of Parliament as per the Constitution.
    It also quoted the following paragraph from the article: "The Egyptian government has signed contracts for low prices with Jordan (2 billion cubic meters annually) Spain 4.5 billion cubic meters per year) France and America together 3 billion cubic meters annually through Egyptian and Israeli intermediates"
    The report said that the ABC of exporting energy requires that the State reserve be sufficient for local consumption so as to meet contract durations, whereas the sad paradox is that Egypt's reserve of natural gas is not enough for domestic consumption and export contracts of 20 years, which made the Egyptian government buy the shares of the foreign partners at high prices in order to export to this country.
    The report pointed to a sarcastic paragraph of the article that says: "The State might have to buy all shares of the foreign partner or possibly even import at world prices because it exports for peanuts, whereby the difference would certainly be paid from the public treasury, which is the people's money."
    The report accused the minister of failing to fully deliver natural gas to all cities and provinces domestically, which raised the prices of gas cylinders although they are subsidized by hundreds of millions of pounds.
    It also accused him of consolidating the Israeli war machine against our Palestinian brothers.

     

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