Israel might sit on Middle East oil

Sep 17, 1997 02:00 AM

Reports about new potential for discovering oil in Israel generated excitement at the International Conference of the American Association of Petroleum Geologists recently held in Vienna.
Tovia Luskin, Director of Israel's Givot Olam Oil company, presented delegates with his new theory of linking Israel to the Paleozoic petroleum system of the Middle East, a concept which could signal a breakthrough in oil exploration in Israel.
Independent Dallas petroleum consultants Forrest A. Garb Associates Inc. have rated Givot Olam's prospects for finding oil as better than average.

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