LBCI

REPORT: Bassil: Extracting oil will boost Lebanon’s economy

Breaking Headlines

07-04-2013 | 10:44

Share

Share

REPORT: Bassil: Extracting oil will boost Lebanon’s economy

Caretaker Energy and Water Minister Gebran Bassil said on Sunday that Lebanon will have an abundance of money when it starts extracting oil, noting that the revenues of this project will go to an investment fund.

During a ceremony to launch the works in the Janna dam project, Bassil noted that the dam will cost USD 250 million, stressing that this project will help producing electricity once the works end in 2017.

In this context, the caretaker minister said that the dam will also provide the regions of Beirut and Jbeil with water, pointing out that it is the second in size in Lebanon after Qaraoun dam.

To watch the full report, please click on the video above

Breaking Headlines

Bassil:

Extracting

boost

Lebanon’s

economy

Next

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Recommended For You

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Breaking Headlines

2026-06-22

A patient at Notre Dame De Liban Hospital - Jounieh urgently needs A+ blood type, to donate please call: 70 281 616

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

New Israeli airstrike hits southern suburbs of Beirut

2026-04-08

New Israeli airstrike hits southern suburbs of Beirut

Turkey's foreign minister to visit Britain for talks on Iran, Ukraine

2026-04-22

Turkey's foreign minister to visit Britain for talks on Iran, Ukraine

Trump after Netanyahu, Hezbollah calls: no troops going to Beirut

2026-06-01

Trump after Netanyahu, Hezbollah calls: no troops going to Beirut

UAE withdraws ambassador from Iran, closes embassy over attacks: Statement

Middle East News

2026-03-01

UAE withdraws ambassador from Iran, closes embassy over attacks: Statement

Videos

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

2026-08-06

Lebanon-Israel talks: delegations arrive at US Embassy in Rome — Video

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

2026-07-24

Residents begin returning to Zawtar el-Gharbiyeh, southern Lebanon: Video

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

2026-07-20

Slotkin to LBCI: Lebanese army needs resources to confront Hezbollah, $36 million request submitted for special forces

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

2026-06-26

Lebanon’s ambassador to Washington: trilateral framework agreement first step toward restoring sovereignty

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

2026-06-26

Rubio on Lebanon-Israel framework agreement: 'beginning of the beginning,' more work needed

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

2026-06-26

Lebanon, Israel sign trilateral framework agreement after Washington talks attended by Rubio: Video

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

2026-06-20

Israeli strikes renew on Choukine, Maifadoun, and Nabatieh al-Fawqa in southern Lebanon: Video

Massive Israeli strikes hit South Lebanon under ceasefire conditions

2026-06-19

Massive Israeli strikes hit South Lebanon under ceasefire conditions

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

2026-06-16

Trump criticizes Israel’s Lebanon campaign, says war has gone on ‘too long’ and floats Syria role in conflict

Most read

24 hours

7 days

Month

Israel wants 'more serious' talks with Lebanon: AFP

1

Israel wants 'more serious' talks with Lebanon: AFP

Deadly dawn in south Lebanon: 11 killed in Israeli strikes on Ansar and Deir el-Zahrani

2

Deadly dawn in south Lebanon: 11 killed in Israeli strikes on Ansar and Deir el-Zahrani

Health Ministry: Seven killed, including three children and two women, in Israeli strike on Ansar

3

Health Ministry: Seven killed, including three children and two women, in Israeli strike on Ansar

Hezbollah blames Netanyahu for escalation after strikes kill 11 in south Lebanon

4

Hezbollah blames Netanyahu for escalation after strikes kill 11 in south Lebanon

Israel says Lebanon strikes a response to Hezbollah ceasefire violation

5

Israel says Lebanon strikes a response to Hezbollah ceasefire violation

Health Ministry: 11 killed, 19 wounded in Israeli strikes on Deir el-Zahrani and Ansar

6

Health Ministry: 11 killed, 19 wounded in Israeli strikes on Deir el-Zahrani and Ansar

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

7

Six killed, two injured in airstrike in southern Lebanon as displacement reported in Nabatieh

Major wildfire breaks out in Aitou forest in northern Lebanon: Video

8

Major wildfire breaks out in Aitou forest in northern Lebanon: Video

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More