Eilat Ashkelon Pipeline Company

Eilat Ashkelon Pipeline Company
Public
Founded 1968
Headquarters Ashkelon, 78101, Israel
Area served
Israel
Website www.eapc.co.il

The Eilat Ashkelon Pipeline Company (EAPC) operates several petroleum and petroleum products pipelines in Israel, most notably the Eilat Ashkelon Pipeline. It also operates two oil terminal and depots in the country. The company was originally formed in 1968 as a 50/50% joint venture between Israel and Iran (during the Shah's rule) to transport crude oil from Iran to Europe.[1][2] After the Iranian Revolution 1979, Israel nationalized the company. In 2015 a Swiss court ordered Israel to pay Iran $1.1 billion compensation, which they refused to pay.[3]

The services of EAPC are: transporting crude oil and refined products, long term storage, crude oil blending, processing of liquefied petroleum gas, fuel oil, destillates and gas.

History

sign for Jetty 2 in Eilat
Jetty 2 in Eilat
one of the storage tanks of the Ramat-Yotam tankfarm

Pipelines

Crude oil pipelines

Products pipeline

The bidirectional reverse flow project

This project reversed the flow direction of Eilat-Ashkelon pipeline oil - meaning that it can now flow southwards instead of only northwards, as originally conceived when Israel consumed Iranian oil. The idea behind the project is to transport crude oil from Russia, central Asian republics and Caucasus over the Black Sea and the Baku-Tbilisi-Ceyhan pipeline to Southern Asia and the Far East at a competitive price. The capacity and size of the Suez Canal is limited and therefore expensive.

Oil ports

See also

References

  1. Ammann, Daniel (2009). The King of Oil: The Secret Lives of Marc Rich. New York: St. Martin‘s Press. ISBN 0-312-57074-0.
  2. Bialer, Uri. Fuel Bridge across the Middle East—Israel, Iran, and the Eilat-Ashkelon Oil Pipeline. In: Israel Studies, Vol 12, No 3 (Fall 2007)
  3. "Report: Swiss Court Orders Israel to Pay Iran $1.1 Billion in Oil Pipeline Dispute". Retrieved 27 September 2015.

External links

This article is issued from Wikipedia - version of the Sunday, September 27, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.