1 billion plus interest for its share in a joint venture oil pipeline built in Israel before the 1979 Iranian revolution.
The decision by Switzerland’s highest court covers an earlier arbitration ruling in Iran’s favour.
However, while Israeli authorities have yet to make any official comment on the matter, it seems unlikely that Israel will make any payment to Iran.
The joint venture, known as the Eilat-Ashkelon Pipeline Company (EAPC), was created in 1968 to allow Iran to supply oil to its Mediterranean customers after Egypt’s closure of the Suez Canal.
The
