U.S. Investors to Construct Oil Pipeline from Haifa to Tel Aviv
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U.S. Investors to Construct Oil Pipeline from Haifa to Tel Aviv

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Construction of a six-inch oil pipeline from Haifa to Tel Aviv, at a cost of 2,000,000 Israeli pounds ($1,100,000), will be started this week. The pipeline is expected to bring to Tel Aviv 500,000 tons of refined petroleum products annually.

The pipeline is being built by a private company of American investors. The Tel Aviv terminal, costing an additional sum equal to the sum spent for the pipeline, will also be a private enterprise, being built jointly by Shell Oil, Mobiloil and Delek Israel Oil Company.

An agreement for resumption of oil drillings halted while the Sinai campaign was under way, and for beginning of new drillings, w-s reached here today at a conference by Minister of Development Mordehai Bentov with representatives of Israeli and foreign oil companies.

Mr. Bentov requested the foreign oil companies that have prospecting rights in this country to resume their drillings. Israel companies had continued their work while the military campaign was under way in the Sinai Peninsula. But many of the projects previously undertaken by the foreign firms were halted, principally because many of the foreign oil experts and technicians left the country while the fighting was on.

The Minister of Development asked intensification of the search for oil to increase the country’s supply during the present fuel crisis. The oil companies agreed with Mr. Bentov to Lend experts to one another, and to rent unused equipment so that all drillings might be stepped up.

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