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Refinery, Haifa

Volume 466: debated on Thursday 7 July 1949

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78.

asked the Minister of Fuel and Power if he will give an estimate of the amount of dollars which could be saved annually as a result of petrol supplies from the Haifa refineries being again made available.

At current prices the annual value of the British companies' share of the petrol production of Haifa refinery when working to full capacity would be about 16 million dollars. It would, however, take some months to restore the refinery to a full rate of production. The potential dollar saving to us would be somewhat less than this amount as there is some dollar expenditure in the operation of the refinery and some of the petrol would probably be consumed locally.