The border demarcation issue with Israel is hardly the only one that needs to be resolved. So far, there has been only limited exploration with limited evidence of hydrocarbon reserves. Energy firms may prove wary to invest in a volatile climate such as Lebanon’s, as state institutions are struggling to stay afloat. Meanwhile, the Ukraine war has reshuffled the geopolitical cards. Also, a mishandling of offshore hydrocarbons would produce an environmental disaster on a truly colossal scale.
Rockets & Feathers: Why Lebanon’s Fuel Prices Rise Fast and Fall Slow
During the spring, everyone said the same thing: the Iran War had pushed oil prices up, causing gasoline and diesel prices to rise as well. Oil then came down again, with the global benchmark Brent crude dipping below its pre-war price by July, but Lebanese were at...
