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.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
