Welcome, Guest! - or
Easy to remember!  »  VinNews.com

Beirut - Lebanon Says Israel Could Access Its Offshore Oil

Published on: July 5, 2013 12:49 PM
By: AP
Change text size Text Size  
Bookmark and Share
FILE - Caretaker Energy Minister Gebran Bassil (L) looks at screens on board a boat during a tour of areas believed to have gas reserves, off Lebanon's coast near Beirut May 30, 2013.  ReutersFILE - Caretaker Energy Minister Gebran Bassil (L) looks at screens on board a boat during a tour of areas believed to have gas reserves, off Lebanon's coast near Beirut May 30, 2013.  Reuters

Beirut - A Beirut official says Israel’s discovery of a new offshore gas field near Lebanese territorial waters means the Jewish state could siphon some of Lebanon’s crude oil.

Outgoing energy minister Gibran Bassil said on Friday that Israel could — “in principle” — drill either vertically or horizontally in its new field, potentially reaching Lebanon’s deposits if the two nations’ fields are joined at the sea bottom.

Advertisement:

Israel’s new field is about 4 kilometers (2.5 miles) from Lebanon’s territorial waters.

Bassil urged Lebanon’s outgoing government to hold an extraordinary meeting to ratify decrees paving way for the country to start oil and gas explorations.

Recent Israeli discoveries of oil and gas deposits in the Mediterranean Sea have raised tensions between Lebanon and Israel, which technically are in a state of war.


More of today's headlines

Washington DC - Twenty U.S. congressional members are charging Romania with failing to return thousands of religious properties taken from Jews and other religious... Toronto - The closure of one of the country's two top suppliers of kosher chicken has resulted in a steady decrease in availability, while prices continue to soar as the...

 

Total4

Read Comments (4)  —  Post Yours »

1

 Jul 05, 2013 at 01:51 PM enlightened-yid Says:

Like Israel waited or cared for their "green light." Lebanon just woke up when Israel has been investing into gas exploration a decade ago.

2

 Jul 05, 2013 at 02:04 PM ShmutzVesh Says:

They should goto hell. All these backwards countries jealous of any success Israel has.

3

 Jul 05, 2013 at 02:05 PM 5TResident Says:

Heh. Lebanon knows that Israel will refine any crude oil it extracts when developing the gas field and give it to Lebanon. Why do the refinement process yourself when you can get Israel to do it for you?

4

 Jul 07, 2013 at 12:34 AM HeshyEmes Says:

Reply to #1  
enlightened-yid Says:

Like Israel waited or cared for their "green light." Lebanon just woke up when Israel has been investing into gas exploration a decade ago.

Are you sure that Lebanon gave a "green light" to Israeli drilling? To me, it reads that in theory Israel's horizontal drilling could be "stealing" Lebanon's oil, and this Bozo won't stand for it. Am I misreading this news item?

5

Sign-in to post a comment

Scroll Up
Advertisements:

Sell your scrap gold and broken jewelry and earn hard cash sell gold today!