Lebanon's oil and gas riches will take investment

The Daily Star

With the discovery of oil and gas off its shore, Lebanon has the potential to become like the Gulf – but it will need to do a lot of work to get its infrastructure up to par, industry experts say. “Drilling will need 30 different service companies that would deal with infrastructure, safety and the environment,” Moussa Madi, head of training at Kuwait Oil Company, said at an oil and gas seminar at the American University of Beirut.

The Tuesday afternoon seminar was hosted by Mohammad Ahmad, coordinator and professor of chemical engineering at AUB. Joined by Madi, the AUB professor discussed what the impending extraction of oil and gas would mean for Lebanon.

Source: The Daily Star FULL STORY