Israel’s total output of crude oil may be doubled as a result of the latest drill in the Kochav outfield, it was reported here today. An American petroleum expert working at the field said the well, which was opened earlier this month, can produce at least 2, 000 barrels daily without pumping. However, the Lapidot Oil Company, which has title to the well, refused comment on the well’s prospects pending production tests. The rate described by the American expert would be equivalent to more than 100, 000 tons of crude oil annually, compared with the aggregate production of 125, 000 tons from Israel’s 30 currently producing wells.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.
