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.
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缅甸政变,首都通讯中断,街头现挤兑潮,昂山素季最新声明:军方正把国家重新置于独裁统治之下
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