Thursday, August 04, 2011

Oil and gas discovery off eastern Mediterranean.

Political turmoil in the Middle East is rife. Tensions could drastically increase in future months if Israel and Lebanon are unable to come to an agreement surrounding the recent discovery of oil and gas off their coasts. Given the fragile nature of Lebanon's economy at the moment, the country is desperate to secure its rights over these natural resources.

It is estimated that nearly two billion barrels of recoverable oil and huge reserves of gas have been found in the eastern part of the Mediterranean.

The problem of this discovery relates to the inability of both countries to agree their maritime border. This could escalate into real political tension because Hassan Nasrallah, the head of Hezbollah has recently entered into this disagreement. In a televised statement, Nasrallah stated that "Israel should keep your hands off our waters...and if Lebanon's facilities are targeted by a country... that country' facilities will be targeted too".

Whilst Israel has already begun to sale exploration rights of two natural gas fields (called Tamar and Leviathan), Lebanon does not have the financial resources to explore.


William said...

Most of this gas is offshore Gaza and Lebanon with not so much offshore Israel / Egypt. This has become very political. Sad.

websense said...

On another website, I saw the map of the potential oil/gas areas, and it is offshore both Israel and Greek Cyprus.

Unknown said...


Fernando Real,CEO,Head
Stphanne hessel,INDIGENZ VOUS!,world movement Organisation
Gene Sharp,Albert Einsteen Institute,Harvard
Wael Ghonim,Google,Kolona facebook
Joumana Haddad,American University OF Beirut
Fatima Bharain,World wome's& Youth Union
Jose Luis Sampedro.Reaccion, world organization
Slavoj Zizek,Zizek Studies
and 876 pages of the biggest fith columne activist arround the world and all ocupation,sex,age,culture for Change the World
Add,union and massive difussion world instituitions,human rights organizations,ngos,students,universitys,press,tv,radion,net,society
Facebook,Fernando J.Real Vazquez
come on INDIGNEZ VOUS!! Where are your courage?where are your ilussion,dont stay alone,we are a lpt o people arround the world for change world ,change mind,change life,TOGETHER is posssible,We are the World ,the normal people are the World,

Thanks For add this proyect,Wellcome to the biggest fith columne of activist Change the World,arround the world,the all avtivities,ocupation,job,iniciatives,age,sex,culture,social position.
We will sent you at soon,all proyect and menbers in,for massive difussion world press,agency press,institutions,ngos,human rights organizations,womens and youth organizationd,students, all you access.You will had Coberture Unesco,and freedom for edit,publish,sending at all.You will can too,to make facebbook pages Change the world,webs,blogs,books.Translate world languagues text.This programme it is a union point humans out of differences.Sent to editorials,press....
We made in Arab world,and we made too in all world,occident,America,Asia....The nirmal peoplle change the World,with ilussion knowledge,and emocional,ecology education.
Massive difussion remenber than one day you are a courage,bravure an ilussion human.
Contact me for more information,or the othres founders@ceos up.
Fernando Rea,Head,CEO,phone-0034 982218178,mobil phone-0034 616572614
read is an usual blog,only a text with working,students&activist Change the World)is one part,the rest ,we will sent when you add.
INDIGNEZ VOUS !!,Stephanne Hessel,CEO,Change the World,second part write by Founders&CEOS,Change the World,The eco-emocional education democracy.