JERUSALEM (Jul. 10)
Preparations for the carrying out of a master-plan for oil exploration in Israel was announced here today as a result of a decision of the three Israeli oil companies to conduct a new and all-embracing geological survey for the purpose of indicating the possibilities of finding oil and establishing a priority list for new drillings. The last overall survey was carried out in 1950.
At a meeting of the directors and geologists of the three companies, it was decided that the geologists would carry out preliminary work and surveys in agreed upon areas. All the material gathered would be turned over to an internationally known geologist who would be invited to come to Israel in the near future and who would carry out the overall survey.