Eilat Ashkelon Pipeline Company

The Eilat Ashkelon Pipeline Company (Hebrew: חברת קו צינור אילת אשקלון בע"מ (קצא”א), also known as the Europe Asia Pipeline Company and by the acronym EAPC) operates several crude petroleum and refined petroleum products pipelines in Israel, most notably the Eilat Ashkelon Pipeline – which transports crude oil across southern Israel, between the Red Sea and the Mediterranean Sea.

[1][2] However, Israel nationalized the company following the 1979 Iranian Revolution and the subsequent severing of relations between the two countries.

In 2015, a Swiss court ordered Israel to pay Iran $1.1 billion in compensation for this, which it refused to do, arguing that this was prohibited by its Trading with the Enemy Act.

According to the Financial Times, "EAPC has operated since its founding under a blanket state decree that shrouds its affairs in secrecy.

The idea behind the project is to transport crude oil from Russia, Central Asian republics and the Caucasus through the Black Sea or the Baku-Tbilisi-Ceyhan pipeline to Southern Asia and the Far East at a competitive price.