Unexplored Potential

A political decision is needed in 2015 for Lebanon to begin exploring for offshore oil and gas reserves. Until the government passes decrees delineating the offshore blocks and approving model exploration and production sharing agreements — which have been drafted and ready for debate and approval since early 2013 — we simply will not know what lies beneath Lebanon’s share of the eastern Mediterranean.

Until decrees are passed to let drilling begin, Lebanon won’t be able to find out whether it is resource rich

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