US approves Israel plan for Iraqi oil

Following the approval, the Israeli Infrastructure Minister Yosef Paritzky told the Radio that he intended to leave for Washington within two weeks to discuss the project in meetings with US officials.

"I intend to examine the idea of an oil pipe, but the contacts are only preliminary," Paritzky said.

Sources involved in the project were reported in the daily Ha'aretz to have, however, expressed apprehensions considering the instability in Iraq but nevertheless, were weighing the option given the far-reaching economic implications of such a project.

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