The Anglo-Israel Chamber of Commerce, taking note today of the interest in Israel investments spurred by the Haifa development and other recent events, set up a three-man committee to study British investment possibilities in Israel. Israel M. Sieff, British economist and industrialist, is chairman of the panel. The group will seek to set up a long-term large investments project for British capital on a “strictly business” basis.
Meanwhile, it was reported here today that final arrangements for expansion of production at the Haifa refineries to meet oil requirements of an undisclosed foreign country will have to be deferred until about the end of November, to permit testing of the samples of oil which would be supplied to Israel for the refining operation.
Under these arrangements, foreign oil companies would deliver crude oil to Haifa, and the refineries there would produce some 400, 000 tons of gasoline yearly for reshipment to the foreign country. The testing of samples is necessary to establish whether the crude oil which would supplied to Haifa can be handled by the present installation, or whether it would require modification.
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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.
