The Livingston Oil Company of Tulsa, Oklahoma, signed an agreement today with Petrocana, which holds an exploration concession on Israel’s continental shelf, for joint efforts at drilling for offshore oil reserves. A Petrocana spokesman said drilling would start next spring with an initial investment of several million dollars, An offshore drilling contractor will provide a drill ship, crew and equipment for the venture.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.