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First Israel Oil Well to Yield 350 Barrels a Day; Oil Flow Starts

Mordechai Bentov, Israel’s new Development Minister, opened a tap today and began the first controlled flow of oil from Israel’s first producing oil well, which was brought in during the High Holidays earlier this year. At the care, antes, a representative of Lapidoth Company, one of the two firms which had combined operations to bring in the well, announced that the first day’s production would be contributed to the voluntary arms-for-defense fund.

The daily yield of some 350 barrels of oil will be brought from Heletz, the site of the well, to Haifa by tank truck and railroad tank car. There it will be stored at receiving tanks at the refineries until three months’ supply of crude oil has accumulated. This quantity is enough to keep the refineries operating for a full week.