Firms ink Palestinian fuel deal

29.05.2012                      08.Siwan. 5772                    Isru Chag

Wirtschaft:

Firms ink Palestinian fuel deal

Deal valued at NIS 1.9 billion and will have the Israeli firms supplying gasoline, diesel fuel and other oil products to Palestinian Authority.

Oil Refineries, the Israeli firm known by its Hebrew acronym, Bazan, and David Federman's Petrochemical Industries announced late on Monday that they had signed a two-year deal with the Palestinian Authority to supply it with oil and other energy needs.
The deal is valued at NIS 1.9 billion and will have the Israeli firms supplying gasoline, diesel fuel and other oil products that will amount to half the Palestinian Authority's oil needs. The remaining supplies will be provided by Paz Oil….