Beirut – Lebanon Says Israel Could Access Its Offshore Oil

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    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.  ReutersBeirut – 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.

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    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.

    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.


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    4 Comments
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    enlightened-yid
    enlightened-yid
    10 years ago

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

    ShmutzVesh
    ShmutzVesh
    10 years ago

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

    5TResident
    Noble Member
    5TResident
    10 years ago

    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?