NEOS GeoSolution to explore Lebanon's oil and gas resources
Lebanon’s caretaker energy minister Gebran Bassil signed Friday a contract with the American company NEOS GeoSolutions, which enables it to survey Lebanon’s oil and gas resources.
In a statement by the energy ministry Bassil said “this new contract with the U.S. firm is a positive and encouraging sign, as international companies have begun to show interest in investing in Lebanon without the Lebanese state incurring any expenses.”
He added “the oil exploration process has started and shall not cease. No one has the power to stop it.”
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