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Israel / Gross National Product / Oil / Suez Canal #237487

CBS Evening News for Friday, Oct 31, 1975
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(Studio) Israel's gross national product drops 6%. Premier Yitzhak Rabin warns of austerity measures, incling. defense cutback. Israel faced with incrd. foreign oil costs after giving up Abu Rudeis oil fields.
REPORTER: Walter Cronkite

(Attur, Israel) Israel tapping source of oil south of Abu Rudeis. Offshore drilling platform transferred here, although agreement with Egypt says all will be left behind. Israel only has 3 more years to exploit oil resources of Gulf of Suez. United States encourages Israel in effort to get new oil at Attur.
REPORTER: Tom Fenton

(Studio) Greek freighter en route to Elat, Israel, to pass through Suez Canal. 1st time Israel-bound cargo let through canal in 16 years
REPORTER: Walter Cronkite

Cronkite, Walter;
Fenton, Tom

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