Palestine’s Economic Interest at Stake in Outcome (Jewish Telegraphic Agency)
American interests will have the final decision in determining the route for the projected pipe line to carry the oil from Mesopotamia to the Mediterranean ports, it was learned here from reliable sources.
The matter rests with the Anglo-Persian Oil Company and the Turkish Petroleum Company which have the concessions on the export of the output of the Mesopotamian oil wells. In order to bring the oil to the world’s markets a pipe line from Iraq to the Mediterranean seaboard is planned. Keen competition over the route of the pipe line is now going on between Palestine and Syria. While Palestine is interested to have the line laid to Haifa the French shareholders in the two companies insist that the line be laid to Alexandretta, Syria.
The correspondent of the Jewish Telegraphic Agency learns that King Feisul of Mesopotamia, who is now a visitor in London, is anxious to have the pipe and rail lines go from Iraq to Haifa.
American capital is strongly represented in the two companies and the final decision will rest with the Americans.
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.
