The suggestion that the signing of the convention between the Palestine Government and the Iraq Petroleum Company regulating the transit of the Iraq oil through Palestine to the Haifa port does not dispose of the plan to build another pipe-line to Syria.(put forward in the J.T.A. Bulletin of the 5th. inst.) receives confirmation to-day in the “Daily Herald”, the organ of the Labour Party, and the “Daily Telegraph”.
The opening up of what may prove one of the richest oilfields in the world has been speeded by the agreement signed between the Iraq Petroleum Company and the Government of Palestine on the proposed pipe-line to the Mediterranean, the “Daily Herald” says.
There has been friction in the past between Prench and other interests in the company, who want a pipe through French territory, the “Herald” Proceeds. The agreement now reached is that the line shall fork, one of the branches reaching the sea in the Bay of Acre, and the other at Tripolis, which is under French control.
This Convention, the “Daily Telegraph” writes, and a cognate one, made with the Transjordanian authorities – is dependent for certain aspects of its execution on an agreement between the same company and the Iraq Government. Moreover, it says, there is nothing in the Convention to preclude a bifurcation of the pipe-line in such a manner as to convey some of the oil to a Syrian port, under the French Mandate.
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