Lebanon’s Fuel Crisis Could Spark Civil War
A combination of corruption, incompetence, and underinvestment have led to a major fuel crisis in Lebanon This weekend, the country saw a 24-hour blackout that was only solved when the Continue Reading
Lebanon should seek U.S. sanctions waiver to import Iran fuel, Hezbollah chief says
Lebanon’s Hezbollah chief Sayyed Hassan Nasrallah repeated calls on Monday for the cabinet to seek a U.S. sanctions waiver to import Iranian fuel and alleviate crippling shortages. Nasrallah said the Continue Reading
Fuel shortage forces shutdown of main Lebanese power plants
The two main power plants in crisis-hit Lebanon have gone out of commission, effectively stopping all state electricity in the country. The shutdown on Saturday of the Deir Ammar and Continue Reading
Lebanon restores power supply after complete halt
Lebanon’s power supplies were back to normal on Sunday after a blackout the previous day when the country’s two biggest power stations shut down because of a fuel shortage, the Continue Reading
Lebanon energy ministry says received approval for $100 million in fuel import credit
Lebanon’s energy ministry said on Sunday it received central bank approval to for $100 million in credit to issue fuel import tenders for electricity generation. The ministry added in a Continue Reading
Lebanon’s Unravelling Economy Could Have A Major Geopolitical Impact
As Lebanon’s economy unravels, political instability in the deeply divided country is ratcheting ever upward. As the economic crisis deepens, with little to no credible attempts from Beirut to turn Continue Reading
Lebanon Clashes With Israel Over Gas Exploration
Geopolitics & Conflict Lebanon, in full crisis mode, has rejected Israeli gas exploration in a disputed area in the Levant Basin. Israel has already signed a contract for exploration with Continue Reading
Lebanon Sees No Relief after Arrival of Iranian Oil Shipments
Lebanon’s critical fuel shortages are showing no signs of ending despite the arrival of Iranian oil smuggled into the country through neighboring Syria. Hezbollah has been arranging the informal oil Continue Reading
Egypt: Petroleum Minister – President Directs Prompt Delivery of Natural Gas to Lebanon
Minister of Petroleum and Mineral Resources Tarek El Molla said President Abdel Fattah El Sisi has directed transfer of gas to Lebanon at the nearest possible time. During an interview Continue Reading
Starved of electricity, Lebanon picks Dubai’s ENOC to swap Iraqi fuel
Lebanon’s energy ministry said it had picked Dubai’s ENOC in a tender to swap 84,000 tonnes of Iraqi high sulfur fuel oil with 30,000 tonnes of Grade B fuel oil Continue Reading
Iran is ready to ship more fuel to Lebanon if needed, says Iranian official
Iran said on Monday it is ready to ship more fuel to Lebanon if needed, a day after the leader of Lebanon’s Iran-aligned Hezbollah group said more vessels carrying Iranian Continue Reading
Lebanon raises fuel prices by 66% as it tries to ease shortages
The Lebanese government said on Sunday that it was raising gasoline prices by 66% in a partial reduction of fuel subsidies as it seeks to ease crippling shortages that have Continue Reading
Hezbollah Warns U.S., Israel Not To Stop Iranian Oil To Lebanon
Lebanese Shiite group Hezbollah, backed by Iran, warned on Thursday the United States and Israel not to try to interfere with a shipment of Iranian fuel oil that is en Continue Reading
Hezbollah Warns Israel, U.S. as Iranian Fuel Sails for Lebanon
Militant group Hezbollah appeared to warn Israel and the U.S. against intercepting an Iranian ship carrying fuel for Lebanon as the country reels from a crippling power crisis. The vessel Continue Reading
Iran Uses Iraq To Tie Lebanon Into Massive Power Plan
Iran has spent a lot of its time, money, and lives of its direct and proxy military forces in building up its influence across the Shia Crescent of power in Continue Reading
Iraq in fuel deal with Lebanon to boost its faltering power supply
Iraq has signed an agreement allowing the cash-strapped Lebanese government pay for 1 million tonnes of heavy fuel oil a year in goods and services, helping Lebanon ease its acute Continue Reading
Lebanon On The Brink As Fuel And Electricity Shortages Grip The Country
On the last day of the month, armed protesters took to the streets of Tripoli. They were outraged by the power outages and the story of a child on life Continue Reading
Lebanese Power Stations Shut Down as Crisis Deepens
Lebanon is struggling with severe electricity and water shortages after two of the country’s main power plants ran out fuel, the latest manifestation of a financial crisis that shows little Continue Reading
Soaring Fuel Prices In Lebanon Could Trigger A ‘Social Explosion’
Lebanon, which is in the midst of a severe economic crisis, is “days away” from a social explosion, the country’s caretaker prime minister warned on Tuesday, moments before renewed, violent Continue Reading
As Lebanon’s Crisis Deepens, Lines for Fuel Grow, and Food and Medicine Are Scarce
As she sat in the sun in her Mini Cooper inching her way through a long line of cars to get gas, Lynn Husami, 23, tried to use her time Continue Reading
Lebanon’s caretaker prime minister condemns Tripoli violence
Lebanon’s caretaker prime minister on Friday condemned overnight violence in the city of Tripoli, where protesters angry over a strict lockdown clashed with security forces and set the municipality building Continue Reading
Lebanon needs two-week lockdown after ‘shocking’ COVID-19 rise, minister says
Lebanon must shut down for two weeks after a surge in coronavirus infections, the caretaker health minister said on Monday, as the country reels from the massive Beirut port blast. Continue Reading
Lebanon Credit Rating Cut to Lowest Grade by Moody’s
Lebanon had its rating cut to the lowest grade by Moody’s Investors Service, which said that bond investors will likely suffer major losses on their holdings as the government struggles to Continue Reading
Lebanon’s economic crisis worsens amid shortages, currency collapse
Most parts of Lebanon are receiving no more than two or three hours of electricity a day. An incoming flight at Beirut’s airport had to abort a landing this month Continue Reading
Is Lebanon’s Natural Gas Boom Dead In The Water?
Is Lebanon’s Natural Gas Boom Dead In The Water? Description: Absent any discovery thus far, there has been little talk as to what to do with Lebanon’s offshore hydrocarbons, once Continue Reading
Lebanon’s economic crisis: currency collapse and inflation put food out of reach
The Lebanese love their food. Their elaborate spreads of grilled and sauteed meats, colorful salads and various vegetable dips, usually garnished with pine nuts, are a source of pride and Continue Reading
Long road ahead as Lebanon begins exploratory drilling for offshore oil and gas
Drilling of Lebanon’s first offshore well started on February 27. All eyes are pinned on Byblos 1, waiting to find out whether it is a dry or a commercial well. Continue Reading
More than 300 people wounded in Beirut protest clashes: rescuers
Lebanese rescuers treated more than 300 people for injuries during hours of clashes between security forces and protesters that rocked central Beirut on Saturday night. It was the highest toll Continue Reading
U.N. official: Lebanese politicians watching as economy collapses
Lebanese politicians are watching the economy collapse, the senior U.N. official in Lebanon said on Wednesday, rebuking a political elite that has failed to form a government as the country Continue Reading
This Exploration Blind Spot Offers Great Promise
Based on currently available geophysical data, the Lebanese government estimates that the offshore oil and gas frontier areas in the East Mediterranean may hold around 25 trillion cubic feet of Continue Reading
Lebanon’s Prime Minister, Saad Hariri, to Step Down
Prime Minister Saad Hariri of Lebanon said on Tuesday that he and his cabinet would resign, bowing to a basic demand of the enormous antigovernment protests that have consumed the Continue Reading
Lebanon battles worst wildfires in decades
Firefighters and specialist aircraft in Lebanon are working to tackle a series of wildfires which have broken out during a period of high temperatures and strong winds. The blazes started Continue Reading
Trump’s sanctions on Iran are hitting Hezbollah, and it hurts
The powerful Lebanese Hezbollah militia has thrived for decades on generous cash handouts from Iran, spending lavishly on benefits for its fighters, funding social services for its constituents and accumulating Continue Reading
Fixing Lebanon’s ruinous electricity crisis
Lebanon’s electricity crisis has pushed it to the brink of financial ruin, as power cuts hobble the economy and subsidies have racked up one of the world’s largest public debt Continue Reading
Lebanon begins offshore oil and gas exploration
Lebanon’s search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France’s Total, Energy and Water Minister Cesar Continue Reading
Mediterranean Gas Bounty Suddenly Seems Within Big Oil’s Reach
Big oil companies are pushing into Mediterranean waters off Israel, Lebanon and Egypt after years of U.S. diplomacy helped break open a political logjam around giant Middle Eastern natural-gas discoveries. Continue Reading
Hezbollah Leader Threatens “We Will Open Fire” On Disputed Israeli Offshore Oil & Gas Operations
During a televised address in Beirut on Friday Hezbollah Secretary General Sayyed Hassan Nasrallah once again warned Israel to back off its claims over disputed oil and gas field just Continue Reading
Lebanon accuses Saudi Arabia of holding its PM hostage
Lebanon’s president on Wednesday accused Saudi Arabia of holding hostage prime minister Saad al-Hariri along with his family – the first time he has explicitly said he was being held Continue Reading
Lebanese offshore oil and gas licensing round continues despite political crisis
Lebanon’s Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting Continue Reading
Saudi reopens Lebanon front in struggle with Iran
Saudi Arabia has opened a new front in its regional proxy war with Iran, threatening Tehran’s powerful ally Hezbollah and its home country Lebanon to try to regain the upper Continue Reading
Saudi Arabia Says Lebanon Declared War
As expected, Saudi Arabia has cast itself as the victim of external Shia plotting after its internal weekend of chaos which included a missile attack from Yemen, the deaths of Continue Reading
Lebanon gets two bids for offshore gas exploration
Lebanese ambitions to draw investors to its offshore reserve potential, notably for natural gas, brought in only two bids, the government reported. Lebanon in January filed a request to join Continue Reading
The Natural Gas Giant To Challenge Israel
When Lebanon’s Prime Minister Saad Hariri paid a visit to Russian President Vladimir Putin mid-September , most media coverage revolved around political and military issues. Yet the meeting was part Continue Reading
Solar revolution in Lebanon could offer alternative to power blackouts
For Jil Amine, Lebanon is experiencing a “solar revolution.” “The growth of the technology has been exponential,” said Amine, the United Nations Development Program project manager for the Small Decentralized Continue Reading
Will Lebanese Oil And Gas Ignite The Country?
While the Eastern Mediterranean is well known for its major (and underexploited) gas reserves, Lebanon is the latest country in the region to join the oil rush, after Egypt’s fitful Continue Reading
Lebanon committed to oil, gas transparency
Transparency is a top priority for a Lebanese government looking to bring bidders back to its offshore oil and gas reserves, the energy minister said. Lebanon this week filed a Continue Reading
Lebanon to Auction Energy Rights in Waters Contested by Israel
Lebanon wants to auction energy rights to areas in the Mediterranean Sea contested by neighboring Israel and will invite more companies to qualify for bidding next month. The new bidders Continue Reading
Oil Majors Prepare For Mega Tender In Lebanese Levant Basin
After a four-year wait, the Lebanese cabinet has approved two oil and gas decrees on energy tax provisions and blocking last week – allowing offshore drilling ventures in 96 trillion Continue Reading
Lebanon To Restart Oil, Gas Licensing Round After Three-Year Delay
Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry. Continue Reading
Lebanon Set to Join East Mediterranean Race for Oil and Gas
Lebanon approved two measures allowing it to auction its first offshore oil and natural gas rights, ending three years of delays that kept the tiny country from joining a regional Continue Reading