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Israel Signs Agreements with Investors on Eilat-haifa Pipeline

Levi Eshkol, Israel’s Finance Minister, today signed four agreements in connection with the Eilat-Haifa oil pipeline project headed by the Rothschild group. The project will convert the present eight-inch line to 16 inches for an all-16 inch line from Eilat to the Haifa refineries.

The Finance Committee of the Knesset, Israel’s Parliament, met today specially to approve the agreements. A Treasury spokesman said today that the investor group had already advanced $7, 500, 000 for the project.