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.”
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.
