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Saving us from ourselves - Executive Magazine


Saving us from ourselves
February 5, 2018
Along the coastal highway in Batroun, north of Beirut, is a billboard that reads “Lebanon is now an oil producer.” For now, that is optimism, not reality. Offshore wells will not be drilled before 2019, and until they are, the extent of Lebanon’s oil and gas reserves if they exist will remain unknown. But with an answer finally on the horizon, a draft law has been introduced in Parliament to decide how to spend the dollars that could eventually come gushing forth. 
In December, the Council of Ministers awarded two offshore exploration licenses to search for oil and gas, and the consortium of companies that won both bids signed exploration and production agreements at the end of January. ....

Liban Nord , Vidar Ovesen , Martin Skancke , Andrew Bauer , Lebanese Oil , Member Of Parliament Yassine Jaber , Gas Initiative , Natural Resource Governance Institute , Council Of Ministers , Parliament Yassine Jaber , லிபன் நார்ட் , ஆண்ட்ரூ பாயர் , லெபனான் எண்ணெய் , வாயு முயற்சி , இயற்கை வள ஆளுகை நிறுவனம் , சபை ஆஃப் அமைச்சர்கள் ,