Last Update 18:31
Wednesday, 16 October 2019

Haaretz: 200 Israeli companies have indirect investment ties in Iranian energy sector

The Israeli media reveals that numerous Israel companies have links to Iran's energy sector, which feeds its nuclear programme

Saleh Naami , Thursday 26 May 2011
Views: 3923
Views: 3923

At least 200 companies in Israel maintain extensive trade ties with Iran, in full knowledge of the Israeli government, Israel daily Haaretz reported.

The paper said in a special report today by Yossi Melman that the trade ties include investment in the Iranian energy industry, which is Iran's main source of income, and serves to funnel funds to develop its nuclear programme and weaponry.

The report added that in 2008 the Israeli Kneset approved a law prohibiting Israeli companies from investing in any international companies that have trade ties with Iran.

“Binyamin Netanyahu’s government has done nothing to enforce this law, even after the Israel Electric Corporation and the Israeli Airports Authority purchased hundreds of millions of dollars worth of equipment from Danish and German companies operating in Iran,” the report said.

The report added that the Prime Minister's Office said that taking action against these companies is not in its jurisdiction, referring to the Israel Finance Ministry.

Last week, the US administration listed the Israeli company Ofer Brothers Group as having trade ties with Iran. The group is subject to US sanctions for its role in providing a tanker valued at $8.65 million to an Iranian shipping company.

An Ofer Brothers spokesperson denied the US State Department charges. The spokesperson told the Israeli media that the company might have sold ships to Iran through a third company in Dubai.

"We believe that Tanker Pacific and Ofer Brothers Group failed to exercise due diligence and did not heed publicly available and easily obtainable information that would have indicated that they were dealing with [Iranian shipping lines]," a State Department statement declared.

Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.