Lebanon is dreaming of gas riches with a Total-led consortium set to drill in 2019. However the country faces more pressing concerns. Donors contributed $12bn at April’s Cedre conference in Paris, in hope to benefit Lebanon's creaky infrastructure and troubled economy. But the government does have to first overcome widespread corruption.
|Debt to GDP||149||%|
1 May, 2020
Total’s Byblos-1 well has come up dry, Lebanon’s energy ministry confirmed this week. The French major is scheduled to drill another well later this year. New block awards are also planned. But deep IOC cuts will hinder development on both fronts.
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