from John Leonard Sinai.oil. for Israel First shipments of crude oil from captured oilfields in Sinai will be pumped soon into tankers which will sail to Eilat. From there it will go by pipeline to Haifa for refining, The total capacity of fields captured by Israeli forces in Sinai is estimated at 43m. tons high quality crude annually. But this figure is unlikely to be reached for some time as some installations were damaged in the fighting or sabotaged by escaping Egyptian troops. The fields concerned are Abou Rodais and El Balin in the southwest of the Sinai Peninsula. Some of the 100 producing wells are situated five miles offshore, The fields are owned jointly by Egyptian Government and the Italian ENI consortium, About 18 Italian technicians remained on the spot during and after the fighting, but the Israelis propose to operate the fields with Israeli experts under the management of Lapidoth Oil, which already operates smaller fields inside Israel proper. With some 930m. worth of excellent crude thus available, Israel must export it for it well exceeds Israel's own requirements. Israel is unwilling, for obvious reasons, to rely solely on the Sinai fields and annul existing contracts for crude imported by tanker from the Persian Gulf through Eilat.
The WeekThe Week Vol. 8, No. 3, 20 July 1967
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