Israel and Palestine agree to establish an Israeli-Palestinian committee for economic co-operation, focusing, among other things, on the following: Co-operation in the field of energy, including an energy development program, which will provide for the exploitation of oil and gas for industrial purposes, particularly in the Gaza Strip and in the Negev, and will encourage further joint exploitation of other energy resources. This Program may also provide for the construction of a petrochemical industrial complex in the Gaza Strip and the construction of oil and gas pipelines.