Will Lebanon Become An Oil/Gas Country?

Before answering this question, let's knock on the country's modern history door.

A positive news was announced a few days back about reaching an agreement regarding Lebanon's maritime western border dispute.

The news boosted a rosy hope and elevated the morale of the people to become an oil-producing country after it suffered from an unaccountable crisis during the previous decades. This started from the civil war of 1975-1980, followed by multiple Israeli invasions, where the whole infrastructure was destroyed several times.

History of Lebanon

Luckily, during the eighties of the last century, Mr. Rafic Hariri became the country's Prime Minister and started the rebuilding process of the infrastructure with all the other utilities.

He brought Lebanon back on its feet with the help of the Arabic and international countries, by signing the Taiif agreement in Saudi Arabia, which ended the war. And later, through Paris I and Paris II conferences.

Lebanon once again became the preferred destination for the MENA countries. Unfortunately, this period did not last long. Mr. Hariri was assassinated in Beirut (2005) by a car bomb.

Economic Crisis

The country once again went into turmoil. The political dispute among the different sects reached a dangerous level when…