Israel is expected to earn sufficient income from its oil industry in 1971 to pay for its entire domestic oil consumption, according to Deputy Finance Minister Zvi Dinstein. Mr. Dinstein said Israel consumes $65 million worth of oil per year. He estimated that next year’s income from oil produced locally and in the Sinai fields captured from Egypt will amount to $47 million. In addition, Israel expects a profit of $18 million from oil transported in its tankers and through the Eilat-Ashkelon oil pipeline and from oil products produced at the Haifa refineries.
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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.
