Lebanon opens 5 oil fields for foreign companies - Minister

Lebanon opens 5 oil fields for foreign companies - Minister
  • Clock-gray 14:14
  • calendar-gray 05 April 2019

Lebanon has opened accreditation for foreign oil companies to develop five fields in its territorial waters, one of the country's minister said, ONAreports citing Sputnik.

The decision was made amid an ongoing dispute connected to a planned gas pipeline project from Israel to Europe, related to the demarcation of the maritime border between them. Thus, Lebanon accuses Israel of decreasing about 860 square kilometres from the Lebanese sea containing promising oil and gas reserves.

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