News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
29
o
Bekaa
32
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
27
o
North
29
o
South
27
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Live at 3
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
29
o
Bekaa
32
o
Keserwan
28
o
Metn
28
o
Mount Lebanon
27
o
North
29
o
South
27
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Oil exploration: Qatar's move is not enough, Lebanon should be transparent
News Bulletin Reports
29-01-2023 | 13:26
High views
Share
Share
3
min
Oil exploration: Qatar's move is not enough, Lebanon should be transparent
Economists interpreted Qatar's move to join the oil and gas exploration consortium in Lebanon positively, saying it is just the first of many positive measures to come.
Furthermore, some sources underlined Doha's desire to become more and more involved in the Lebanese economy, underlining its large financial reserves and strong ties with many countries around the world.
The entry of a Gulf state into this field in Lebanon carries many important connotations, especially since Lebanon's relationship with the Gulf states has been spoiled by many tensions in recent years.
This important move is not enough
The Lebanese, and their leaders in particular, must allow the process to run its legal and executive course through a defined program without seeing the situation as a matter of personal benefit if they want their country to benefit from the outcomes of gas extraction.
Economists asserted that Lebanon must show transparent dealings with this file to dispel prior perceptions of Lebanon as a corrupt nation where politicians compete for personal gain and brokerage.
Yet, this is insufficient, as any new government must have ministers with clean records who are responsible for the energy, finance, and works sectors to make sure that oil revenues reach the treasury and are placed in an independent special fund, as well as an agreement among its members on how to invest these monies.
When will the results of oil and gas extraction appear?
After the exploration process, Lebanon will need three to four years for production before selling, assuming the deadlines are met.
And when will we see positive effects on our economy?
Of course, during the exploration process and even before investment, it will be reflected in an improving exchange rate and increased economic confidence, as the economy will be viewed as being founded on oil wealth that boosts its value.
Extracting oil and gas will then be an "economic oxygen dose" for Lebanon that helps boost the economy, assuming a transparent program is adopted. And Qatar's step is a guarantee unless the Lebanese lose Qataris' confidence.
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Economy
Gas
Oil
Water
Sea
Maritime
Qatar
QatarEnergy
TotalEnergies
France
Italy
Deal
Next
Israeli army plans to reinforce border with Lebanon, prepares for withdrawal from Western sector
Recommended For You
d-none hideMe
0
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
0
News Bulletin Reports
13:00
Behind closed doors: Secret Syria-Israel contacts hint at peace push
News Bulletin Reports
13:00
Behind closed doors: Secret Syria-Israel contacts hint at peace push
0
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
0
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Middle East News
2025-04-19
Jerusalem churches cancel Easter celebrations amid Gaza war
Middle East News
2025-04-19
Jerusalem churches cancel Easter celebrations amid Gaza war
0
News Bulletin Reports
2025-05-02
Lebanon eyes recovery driven by reforms with $934M in preliminary funding
News Bulletin Reports
2025-05-02
Lebanon eyes recovery driven by reforms with $934M in preliminary funding
0
Lebanon News
05:04
Lebanon ready for Emirati return amid tightened airport security, interior minister says
Lebanon News
05:04
Lebanon ready for Emirati return amid tightened airport security, interior minister says
0
Lebanon News
2025-05-08
Israeli airstrikes rock South Lebanon
Lebanon News
2025-05-08
Israeli airstrikes rock South Lebanon
Videos
d-none hideMe
0
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
Lebanon News
2025-04-23
US envoy Morgan Ortagus hails Lebanese diaspora, says country stands at a crossroads
0
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
Lebanon News
2025-04-08
Morgan Ortagus urges Lebanon to pass banking reforms to restore financial trust
0
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
Lebanon News
2025-04-06
LBCI Exclusive: US envoy Morgan Ortagus reveals US vision for Lebanon’s stability and disarmament – full interview transcript
0
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
Lebanon News
2025-03-23
LBCI's Pierre El Daher bids farewell to Hoda Chedid: You will always be our guiding light
0
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
Middle East News
2025-03-19
Israeli official urges international support for Lebanese government and army
0
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
Lebanon News
2025-02-23
Israeli aircraft fly at low altitude over Beirut during Hezbollah's former leaders funeral
0
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
Lebanon News
2025-02-23
Coffins of Sayyed Hassan Nasrallah and Hashem Safieddine enter Sports City Stadium (Video)
0
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
Lebanon News
2025-02-23
Tens of thousands gather at Sports City Stadium for farewell to Hezbollah’s former leader Nasrallah (Video)
0
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Lebanon News
2025-02-14
Ahmad Hariri to LBCI: Future Movement returns to political arena to participate in all upcoming political events
Most read
d-none hideMe
24 hours
7 days
Month
1
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
News Bulletin Reports
13:07
Lebanon's state takes action: Illegal kiosks at Beirut Port removed after 11 years of violations
2
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
News Bulletin Reports
12:55
South Lebanon under fire: Details unfold on the wave of Israeli strikes on Nabatieh
3
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
News Bulletin Reports
12:58
After 40 Hamas members killed, Lebanon weighs disarming refugee camps: Here's what we know
4
World News
12:13
White smoke rises over Vatican, signaling election of new pope
World News
12:13
White smoke rises over Vatican, signaling election of new pope
5
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
Lebanon News
03:51
Israeli drone drops sound bomb on stone factory in Kfarkela — NNA
6
Lebanon Economy
02:18
Fuel prices in Lebanon updated
Lebanon Economy
02:18
Fuel prices in Lebanon updated
7
News Bulletin Reports
12:52
Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security
News Bulletin Reports
12:52
Key priorities in PM Salam’s Bekaa visit: Cannabis reform, border control and security
8
World News
13:19
Cardinal Robert Prevost under the name of Leo XIV declared Supreme Pontiff, succeeding Pope Francis
World News
13:19
Cardinal Robert Prevost under the name of Leo XIV declared Supreme Pontiff, succeeding Pope Francis
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More