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First oil discovery announced in Israel. Oil drilling has started in the Heletz oil field in the northern Negev. After the Lapidot company began drilling in the area on the lands of the Arab village of Hulayqat (destroyed after The 1948 Arab-Israeli War), an oil depot was discovered. A derrick is seen on site, and people present to the media bottles containing the oil which was drilled. (Taken from the Sherman Grinberg Film Library)

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