Risking Israeli dispute, Lebanon signs deal with 3 oil firms

 

February 9, 2018



BEIRUT (AP) — Lebanon signed Friday a deal with an international consortium to start exploratory offshore drilling for oil and gas amid tensions with Israel. Beirut hopes that oil and gas will help boost its struggling economy.

Lebanon's Foreign Minister Gibran Bassil warned Israel not to try to hinder the drilling on the Lebanese side saying that Beirut can also stop offshore development on the Israeli side.

Lebanon and Israel are technically at war and both countries have fought several wars over the past decades.

Israel has in recent days escalated its threats against Lebanon over its invit...



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