VOL. XXXIX

No. 23

4-March-1996

LEBANON

Israel To Pay Mobil $3.5Mn In Compensation

Israel has agreed to pay Mobil $3.5mn as compensation for taking over its Sinai oilfields after the 1967 Arab-Israeli war and for damage to its refinery at Zahrani in south Lebanon in the early 1980s. Under an agreement signed between the two sides, Mobil will in return drop all its claims against the Israeli Government, the Israeli Treasury said in Jerusalem on 26 February. Mobil representatives told...