The government of Israel is looking to purchase 864 million gallons of petroleum products, including jet fuel, from the US at a cost of around $2.67 billion (€2 billion), the US Department of Defense says.
Most of the jet fuel will be consumed by the nation's Air Force, while the diesel and unleaded petrol products will be used for the Israel Defense Forces' land-based equipment.
The Defense Security Cooperation Agency said in a statement: 'Due to volatility in the oil market, this notification requests a total quantity of these various fuels rather than specific quantities of individual fuels. The US vendors are unknown at this time due to the competitive bid process for the supply source(s). There are no known offset agreements proposed in connection with this potential sale.'
The US has been selling JP-8 aviation fuel to Israel for a number of years in connection with the American foreign aid programme.
The agency continued: 'The United States is committed to the security of Israel, and it is vital to US national interests to assist Israel to develop and maintain a strong and ready self-defence capability. This proposed sale is consistent with those objectives.
'The proposed sale of the JP-8 aviation fuel will enable Israel to maintain the operational capability of its aircraft. The diesel fuel and unleaded gasoline will be used for Israeli ground vehicles. Israel will have no difficulty absorbing this additional fuel into its armed forces.
'The proposed sale of these three types of fuel will not alter the basic military balance in the region and will provide Israel with the necessary flexibility to balance its individual fuel type needs as the situation requires.'