Egypt and Israeli have reported good progress in their talks on the future of the Sinai Oil fields.
GV Israeli Minister Yitzhak Modai out of car and greeted by Egyptian officials
SV INTERIOR Israeli Minister greeted by Egyptian premier Dr. Khalil and seated to pose for photographs (2 shots)
SCU Modai speaking to newsmen (3 shots)
SCU Egyptian Oil Minister Dr. Hilal speaking (2 shots)
TRANSCRIPT: SEQ. 3: MODAI: "We have discussed very important issues relating to the developing relationship between our countries and we had very fruitful discussion--generally speaking, but also specifically related to the oil issue which I came here to discuss. The very far reaching agreement between two countries who have not been...(MODAI) ....friendly for many years, and that's an understatement -- such a friendship is vital for all of us to be able to complete the historical task that we have taken upon ourselves."
SEQ. 4: HILAL: "The progress which has been taking place in our discussion is remarkable. I cannot say that everything goes easy but with our understanding to each other we feel that every way would be made to p??? our way to their final conclusion of taking over the fields and sending of oil to Israel."
Script is copyright Reuters Limited. All rights reserved
Background: Egypt and Israeli have reported good progress in their talks on the future of the Sinai Oil fields. Oil ministers from both countries met in Cairo on Wednesday (8 August) to discuss the handing over of the Sinai's Alma fields to Egypt and the subsequent sale of oil to Israel.
SYNOPSIS: Israeli Energy Minister Yitzhak Modai arrived for talks saying Israel wanted to buy the entire output from the Alma fields -- about forty-thousand barrels a day. The oil would provide about one quarter of Israel's needs. The handover of the fields to Egypt was called for under the Egyptian-Israeli peace treaty. When Mr. Modai met Egypt's Prime Minister Mustapha Khalil and Oil Minister Ahmed Ezzeddin Hilal, the question was how much oil Egypt would sell Israel and at what price. After the talks the ministers refused to give specific details, but it was apparent some agreement had been reached. Both Dr. Hilal and Mr. Modai said good progress had been made.