If Lebanon becomes an oil producing country, what will happen?
Lebanon will face two phases, one before production and another after.
In the first phase, Lebanon’s economy will change due to the introduction of a new industry, new job opportunities will be created and the economic environment will be more adequate to investors.
In the second phase, the gas will be used to generate electricity which will help save money and decrease pollution.
After meeting domestic needs, Lebanon will be able to export and trade its oil and gas.
For more details, watch the full report in the video above.