https://bylinetimes.com/2021/05/20/biden-government-and-chevron-colluding-in-israels-pillage-of-gazas-gas-resources/
'Containing some 1.7 billion barrels of recoverable oil and 122 trillion cubic feet of recoverable gas, the basin comprises “shared common resources, whose exploitation by any one party diminishes the share of neighbouring parties,” stated the UN report. The net value of these resources amounts to $524 billion, which should be distributed appropriately among the different parties, including Israel and Palestine: “These fields could be unitised, and their development could be undertaken on behalf of all parties, whose property rights should be ascertained prior to exploitation… Palestinians have a major stake not only in the fields under their land but in all of the common reserves.”
The report found that Palestinians have already lost roughly $2.57 billion due to Israel’s “prevention of the exercise of their right to benefit from the exploitation of their natural resources, guaranteed under international law. The longer Israel prevents Palestinians from exploiting their oil and natural gas reserves, the larger the opportunity costs of these reserves and the larger the costs of the occupation borne by Palestinians become.” '
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