EGYPT/EAST MEDITERRANEAN

 

Former Petroleum Minister Imprisoned For 15 Years Over Israeli Gas Deal

Egypt’s former Minister of Petroleum Sameh Fahmy was sentenced to 15 years in prison on 28 June by a court in Cairo after being found guilty of harming the interests of the state and selling gas to Israel at below market rates. Mr Fahmy signed an agreement with Israel in 2005 that guaranteed gas shipments to Israel. Supply began in 2008 at a rate of 1.7...