Friday, December 08, 2006

Oil and Gas: Iran and Israel in secret talks over old debt

The New Anatolian, a Turkish, English language independent daily, reports that Iranian and Israeli representatives are holding secret talks in Europe to settle an old Israeli debt.

Quoting the daily Haaretz, the article describes how Iran is still owed hundreds of millions of dollars for oil it supplied to Israel in the years before the Islamic Revolution in 1979, and representatives of the two countries are holding contacts meant to settle the debt.

The report was attributed to anonymous Israeli and Swiss officials involved in the negotiations.