The drilling efforts for oil and gas in Lebanon’s bloc 9 are set to start in September of this year with results of a discovery, if any, being disclosed before the end of 2023. According to the Lebanese Caretaker Minister of Energy, the extension of the deadline for the exploration of eight other blocs depends on the results of the drilling in bloc 9. Additionally, many participants in the field showed interest in the drilling results for bloc 9 which will lead to a decision on whether or not to invest in Lebanon. In the case of a discovery, it is expected to be of great benefit to the Lebanese population in providing them with more fuel, electricity production, an increase in foreign currency reserves and FDI.  (ICE BEIRUT)

Fonte notizia: Bank Audi, Lebanon Weekly Monitor, 8-14 May 2023