Israel is not threatened by a shortage of oil, Shiomo Lorincz, chairman of the Knesset Finance Committee announced tonight. Israel had been wise enough to diversify its sources of oil well in advance of the current disturbances in Iran, he explained. “Baruch Hashem,” there were firm grounds “for my hope That we will not suffer from any shortage.” Lorincz, a member of Agudat Israel, spoke after a committee session devoted to the Iranian situation.
He took issue with Avraham Shavit, chairman of the Manufacturers Association, who had said that Israel had oil stocks available for “a few months.” Lorincz countered this by staling, “Thank God the situation is not as Mr. Shavit depicts it.” He could not be specific, he added, but the stocks were much larger than that.
At present, he said, there were no commercial contacts at all with Iran, in view of the situation there. Lorincz’s remarks on Israel’s oil policy in effect confirm similar assertions by the minister responsible, Energy Minister Yitzhak Modal.
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