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Israel to Produce Oil from Captured Sinai Wells; May Export Oil to Other Lands

An Israeli Government official said here that oil production from Sinai Peninsula wells was estimated at 100,000 barrels a day while Israel’s consumption averages 40,000 barrels a day “and the consequences are obvious.”

Dov Ben Dror, who is in charge of fuel supplies, added that Israel was no longer dependent on other nations for oil and it might well be that the southern port of Eilat would serve not only as a port for importing oil but also for exporting.