Hydrocarbon Exploitation: Political Competition And Business As Usual

Lebanese daily Assafir reported on 03/11 that Parliament Speaker Nabih Berri stated

that Lebanon, particularly the waters off the southern part of the country, enjoy(s)

vast oil and gas reserves that exceed previous expectations and surpass those of

other countries in the region, including Israel. Berri is referring to surveys

conducted by Spectrum ASA, among others. Energy Minister Gebran Bassil has stated

roughly the same thing on LBC’s evening news (03/11) but, unlike Berri, he was

careful to add that, while these surveys are promising, it is impossible to confirm

the quantity of oil and gas before drilling.....continue reading

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#الثروة النفطية #أولويات #سياسة #oil wealth #cabinet #politics #priorities