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International Oil Companies Reported Preparing to Transfer Instaliations to Palestine

International oil companies which have major ?le East bases and installations in Alexandria are preparing to transfer them to Negev, the Arab newspaper El Wahda reported today.

It stated that the decision to move followed a final promise of withdrawal British troops from Egypt. According to the newspaper the companies have ##ired large tracts of land in Southern Palestine and will crect one of the largest ##roleum storage depots in the world there.When questioned by a Jewish Telegraphic Agency correspondent on the reported ?ns, representatives of several of the companies denied knowledge of any of the ?ails of the Arab newspaper’s report.