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2020-5-9 · Lebanon’s exploration programme is taking place in a context of high geopolitical risk. One of the blocks awarded straddles an 860-square-kilometre zone of disputed waters with Israel. The border has been a hot button issue for years between the two countries, which are technically in a state of war.

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2017-2-20 · plunge in the price of Brent Crude oil. Lebanon imported 21.57% mineral products from Greece, 19.31% from Russia, 10.76% from France, 10.72% from Italy, and 9.26% from Kuwait. Fuel oil is subject to almost 7,000L.L/tank in custom duty and VAT payments. The selling price of fuel in Lebanon is set by the government. The ministry of energy and water