Negotiations between an Israel delegation, headed by David Horowitz, director-general of the Israel Treasury, and British oil company representatives for the reopening of the Haifa refineries were concluded here today. However, it is expected that the refineries will not be opened for about three months.
It is understood that Consolidated Refineries has concluded arrangements for obtaining oil to be processed at Haifa. Shipments will be begun as soon as is practicable and the refining processes will be started when a sufficient stock of crude oil is on hand. It is also expected that the refineries will be able to supply all the oil normally used by Israel.
Mr. Horowitz and one other member of the delegation left for the United States tonight. Mr. Horowitz emphasized that his trip to the U.S. is not connected with oil negotiations, although he indicated that talks for obtaining oil from Ameirca will be initiated some time in the future. He also revealed that the agreement with the British companies will save Israel about $2,800,000 annually in foreign exchange and will provide employment for some 600-700 Israel workers.
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