Press Today

Lebanon’s petroleum future: What comes next?

Mike Azar- No oil or gas have been discovered in Lebanon. Listening to some politicians, you’d think we were on the cusp of becoming the next Qatar. All we have today are seismic surveys that show subsea formations consistent with the presence of petroleum. We also know that our neighbors have made discoveries of their own. The signs are positive, but we won’t know what’s down there until wells are drilled. That process is expected to begin this month, but it may be 10 years before any petroleum is sold.
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