CAIRO: The Supreme Administrative Court postponed on Monday the lawsuit filed against Sameh Fahmy and five of his associates to stop exporting gas to Israel to Sep. 28, Youm7 reported.
This lawsuit was filed Fahmy and the five others for exporting of gas to Israel at low prices and neglecting the public wealth of Egypt.
Egypt and Israel signed a deal in 2005 to provide Israel with natural gas. The deal was based on the landmark of the 1979 peace accords. The public prosecution claimed the that agreement cost Egypt over U.S. $714 million.
The deal was not welcomed by many Egyptians due to the claims that Israel buys the gas at below-market rates and was seen as an example of the corrupt deals made under former President Hosni Mubarak. The Egyptian pipeline transferring natural gas to Israel across Sinai has been attacked several times since the start of the January 25 Revolutio in 2011.
In April 2012, Egypt’s state-run gas company terminated a controversial natural gas deal with Israel.
Reporting by Abeer Abdel Mageed.