Photo Credit: flash90
Water, Oil or Gas?

A Swiss panel of arbitrators has ruled that Israel should compensate the Iranian regime between $50 and 100 million for oil the remained in a pipeline in the Arava that both countries built in a joint project before the Islamic revolution in 1979.

The Marker newspaper reported that the decision, which is preliminary and subject to further hearings, was handed down a year ago but never was published. More claims are expected both from Israel and Iran before a final ruling is declared.

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Iran, under the Shah, and Israel had close trade relations before the revolution, when the new regime stopped shipping Iranian oil that had been shipped Eilat and pumped through the Iran Eilat-Ashkelon Pipeline. Once in Ashkelon, the oil was loaded on to ships headed for Europe.

Israel took possession of 800,000 tons of oil that remained in the pipeline after Iran cut off relations with Israel following the revolution in 1979.

Iran sued for compensation 20 years ago for half of the value of the oil, whose current value is approximately $400 million, more than three times the value in 1979.

The Swiss panel stepped into the picture as an alternative to the agreement’s provision that Iran and Israel each appoint one judge to arbitrate in Tehran any disputes.

Obviously, the only way Iran would agree to an Israel arriving in Tehran for arbitration would be on condition that he do so on with pre-determined burial arrangements.

Israel has claimed that it does not own Iran a shekel, or in this case a rial. It argues that disputes must be settled by direct negotiations since the terms of arbitration are not clear.

Israel’s paying Iran millions of dollars would be the embarrassment of the century. Tehran would most likely headline that Israel is helping the Islamic Republic fund its nuclear development program.

If and when it obtains nuclear war, it will be said that Israel and Iran still are cooperating.

 

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28 COMMENTS

  1. Great this reminds us that israel needs to sue Iran for real and punitive damages for supporting terror. That would include Iran paying for damages resulting from Lebanon War both Gaza wars every single missile fired at Israel each terror attack, for attacks against Israeli targets worldwide and for the increased cost of security that results. The United States should deduct the cost of terror from Iran sanctions relief. Israel should definitely pay 400 million dollars to Iran the day Iran stops terror against Israel and pays Israel billions of dollars in damages.

  2. They are out of their minds…Israel owes Iran nothing at all!!! Although considering all the support Iran has given everyone in the wars against Israel, Iran owes Israel everything plus more…they haven’t even paid off the money they owe!!!!! Therefore Iran should be greatful they haven’t been bombed thus far!!!!

  3. Ha-ha. And how much does Iran owe Israel for all the antiIsrael terror and murder they have sponsored?
    Give me a break. The Swiss make jackasses out of themselves when they come out with such nonsense.

  4. After the revolution, the Jew-hating Islamic regime in Iran preferred leaving the oil in the pipeline to discussing the matter, civilly, with Jews. Israel shipped the oil to Europe, and 20 years later, Iran wants Israel to pay for what it lost through its hate and stupidity. Sound familiar? Now, the Swiss—famous for their Nazi-friendly "neutrality"—are arbitrating the matter, and find that Israel owes Iran? History sure does repeat itself!

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