Israel’s Ministry of Development expects investments totaling $7,000,000 annually in the next few years, for oil drilling, the Knesset, Israel’s Parliament, was told today by Moshe Kol, the Cabinet member heading that Ministry. He said that one-third of the investments will come from foreign sources. He announced that several oil drilling licenses will be awarded this year to several large firms “of substantial means.”
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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.
