Economy / Lebanon
Lebanon
June 2010 | Risk SummaryThe Lebanese government plans to grant an approval to an oil law to 'safeguard Lebanon's oil and gas interests in the Mediterranean'. The move comes in response to the Israeli national infrastructure minister threatening to use force to defend offshore gas reserves it has found in what Lebanon believes to be its territorial waters. Large discoveries of gas off Israel's Mediterranean coast have sparked a debate between the neighbouring countries over their respective rights to energy resources in the area. The energy issue only complicates already tense relations between the two countries, particularly since Hizbullah has been strengthening its
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