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Lebanon’s Oil Future Hinges on Transparency

In a country blighted by power cuts and poor infrastructure -- and struggling under the impact of the Syrian war across its border -- Lebanon is hopeful that untapped oil and gas reserves may offer some relief. Although proper exploration of the possible reserves is being stymied by political deadlock, estimates have suggested revenue from the reserves could yield as much as $600 billion. Foreign Minister Gebran Bassil, who once served as Lebanon's energy minister, has claimed such...

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