Lebanon's gas wealth valued in tens of billions of dollars: Petroleb
- Lebanon: Wednesday, November 28 - 2012 at 04:50
Lebanon's upstream oil and gas company, Petroleb, has said the analysis of recently completed seismic data by top multinational companies showed that the country's gas wealth could exceed that of Israel, The Daily Star has reported. "Analysis of 3-D seismic data by our partners [top international oil firms] suggests that offshore gas reserves in Lebanon could be by far more significant than discoveries in occupied Palestine," said the chief executive of Petroleb, Salah Khayat. "The 3-D data provided by Spectrum and Petroleum Geo-Services suggest that we have gas and oil resources valued in tens of billions of dollars when extracted over the next four decades," he said.
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