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Budget

Israel Requests Sale Of Nearly $3 Billion In Fuel

Tuesday, April 23rd, 2013

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The Defense Security Cooperation Agency (DSCA) said April 17 it notified Congress April 16 of a possible Foreign Military Sale (FMS) of 864 million gallons of petroleum-based products to Israel for an estimated $2.7 billion. The fuel products consist of traditional JP-8 aviation fuel, diesel fuel and unleaded gasoline. DSCA said due to the volatility in the oil market, this notification requests a total quantity of these various fuels rather than specific quantities of individual fuels. The proposed sale of…

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