Approximately $3,200,000 in foreign currency will be saved through the resumption of refining operations at the Haifa oil plants according to agreements concluded between Israel and oil interests in London and Washington, David Horowitz, director-general of the Israel Finance Ministry, declared today.
Mr. Horowitz, who conducted the negotiations on behalf of Israel in the U.S. and Britain, revealed that Israel’s total expenditures on oil requirements will approximate $23,800,000. He predicted that some 700 workers will obtain permanent employment at the Haifa refineries as the result of full-scale resumption of operations.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
