Bank Audi estimated that Lebanon will generate over $200 billion in net revenues from the promising offshore gas exploration, an income which would drastically reduce the public debt and stimulate the economy.
This estimation was part of Bank Audi’s fourth quarter [...]
Lebanese placed further hope on Lebanon’s potential oil and gas wealth.
On December 14 2017, Lebanon’s Cabinet approved the offers of a consortium of international oil companies to explore for natural gas in maritime blocks four and nine.
France’s Total, Italy’s ENI [...]