November 4th, 20180The next round of economic sanctions on Iran, which will start going into effect on Nov.4, will mainly target the country’s oil and gas industries. These sanctions were eased after the 2015 signing of the Joint Comprehensive Plan of Action (JCPOA), commonly known as the Iran nuclear deal, but are being phased back in following...
May 29th, 20180BEIRUT ― Lebanon’s search for its first oil and gas reserves began on Tuesday after authorities approved an exploration plan submitted by a consortium of France’s Total, Italy’s Eni and Russia’s Novatek.
Energy and Water Minister Cesar Abi Khalil also said in a televised statement that Lebanon hoped to launch a second...
February 9th, 20180BEIRUT — A U.S. envoy has assured Lebanon that Israel does not seek an escalation between the countries following a surge in hostile rhetoric, Lebanese and Israeli officials said on Thursday.
Lebanon and Israel have exchanged threats and condemnation over a border wall being built by Israel, a tender issued by Beirut for oil and gas...
February 2nd, 20180BEIRUT — President Michel Aoun said on Thursday that Lebanon was using diplomatic means to counter Israel's stance regarding an offshore energy block in disputed territory on their maritime border.
On Wednesday Israel described as "very provocative" Lebanon's first offshore oil and gas exploration tender and said it would be a...
January 31st, 20180BEIRUT — The United States pledged continued support for Lebanon’s military on Wednesday, calling it a potential counterweight to Iranian-backed Hezbollah, even as Israel said the two forces were indistinguishable and fair game in any future war.
Such a public difference of opinion between the allies was remarkable enough, but...
ROME — Italy and Iran signed a framework credit agreement on Thursday to fund investments worth up to 5 billion euros ($6.02 billion) in Iran, Italy's Economy Ministry said.
The deal was signed between two Iranian institutions, Bank of Industry and Mine and Middle East Bank, and the investment arm of Italian state-owned holding...
