Governance
Berri: Lebanon Sitting on Region's Greatest Oil, Gas Wealth

Speaker Nabih Berri stated that a foreign company had conducted a survey of Lebanon's offshore and land petroleum and gas resources, which revealed that the country enjoys a wealth that exceeded previous estimates, reported As Safir daily on Saturday.

He said that Spectrum and Petroleum Geo-Services company's survey revealed that Lebanon enjoys the greatest oil and gas wealth in the region, surpassing that of Israel.

“The discovery will not only lead to Lebanon's entry to the club of oil-producing countries, but even lead it to occupy its front row seats,” said As Safir.

The Spectrum company had unveiled its findings during a conference in London, during which it confirmed that Lebanon's oil wealth off its southern coast is among the richest and best in the region.......continue reading

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