The Lapidot Oil Company of Israel has undertaken to operate the Sinai oil fields seized by Israeli forces in last month’s war and located mainly along the shore of the Red Sea and in some offshore areas. While some of the pumping installations were damaged during the fighting, most of the equipment is intact.
The output of the Sinai oilfields is rated at 4,700,000 tons annually, considerably more than the 3,500,000 ton annual consumption rate of Israel. Young scientists at the Hebrew University have been asked to register for summer work prospecting for oil in the Sinai fields.
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