Iraq has approved the construction of a natural gas pipeline across its territory that will connect Iran to key ally Syria. The move likely to strengthen Tehran’s influence over its neighbors.
Cyprus and Lebanon agreed to boost cooperation and look into ways to explore gas and oil in their waters, President Michel Sleiman said Thursday. “We have given the issue of the gas and oil available in our water top priority and agreed to increase cooperation to agree on principles and sound means that would allow […]
Cyprus President Demetris Christofias will pay an official visit to Lebanon on Thursday to discuss the prospect of cooperation in the exploitation of offshore oil and gas. Christofias will hold talks with Lebanon President Michel Suleiman “to review economic issues and growth prospects
The Lebanese cabinet met on Wednesday at the Baabda presidential palace and approved the appointment of the six member oil regulatory authority ( or National Oil Company of Lebanon ) that will be charged with managing the oil / gas sector of the economy including the launching of the bidding process and issuing the required […]
Oil prices rose Monday after violence in Lebanon sparked fears of wider unrest in the Middle East. By early afternoon in Europe, benchmark oil for November delivery was up 75 cents to $90.80 a barrel
Following the drop in the international commodity markets , the prices of fuel changed in Lebanon on Wednesday October 10. While gasoline and Diesel fuel went down the price of natural gas went up.
Speaker Nabih Berri told An-Nahar newspaper in remarks published on Wednesday that the Lebanese cabinet must speed up its work to begin extracting offshore oil. “Some still do not even believe that Lebanon will become an oil rich country ,” Berri said adding: “Are we supposed to invite them to swim in the oil fields […]
Williamsport, Pennsylvania, used to be celebrated for its past — as the 1938 birthplace of Little League Baseball, which still plays its annual World Series nearby. Then natural gas was found. Now this once-sleepy chunk of north-central Pennsylvania is a star on the map of an emerging national energy rush.
The Public Works, Transportation, Energy and Water Parliamentary Commission approved on Tuesday a proposal to establish a new ministry that will specialize in Petroleum products, National News Agency, reported
By Ian Bremmer: Drawn-out wars, economic struggles, exploding debt — it’s easy to point to these signs and conclude that America is in an irreversible decline;