An agreement increasing Israel’s oil purchases from the Soviet Union from 200,000 tons to 370,000 tons has been signed it was disclosed here today Negotiations for Israel were conducted by Ambassador Joseph Avidar, the first such talks to be undertaken by him since his recent appointment to the Moscow Embassy post.
The most favorable oil drilling to date in Israel is located near Beersheba, on the site of the former Nabatean and Byzantine village of Kornub. With the passing of the 790-foot depth, heavy concentrations of natural gas were encountered and other favorable signs have been seen. The area was mapped for oil exploration under the Mandatory Government and the Iraq Petroleum Company had secretly constructed a $500,000 road to this area just before the War of Liberation.
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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.
