Six Underwater Oil Drillings Planned in Israel During 1970
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Six Underwater Oil Drillings Planned in Israel During 1970

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Fourteen test drillings for oil in Israel will be made during 1970 at a total cost of about $10 million with capital to be provided almost entirely by foreign firms, Development Minister Chaim Landau reported today. He disclosed the plans during a visit to the Ashdod port where an oil drilling ship, the Typhoon, had been brought by the American Belco Co. The Typhoon will carry out six underwater drillings, with the remaining eight test drills on land, four by Israeli firms and four by foreign firms, he said, listing as among the foreign firms Belpecto and Mayflower.

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