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Lebanon to start oil production in 2018

by ChemOrbis Editorial Team -
  • 01/02/2017 (12:19)
According to media reports, Lebanon is planning to start oil production in 2018 and the revenues will be deposited to a sovereign wealth fund.

The reports revealed that the country will invest in development projects with the revenues and be in efforts to improve the country’s infrastructure, which is in poor condition.

Lebanon started its first oil and gas exploration production after a delay of three years as well as the development of a hydrocarbon industry.
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