• FULL mini budget speech

    Read the full mini budget speech delivered by Finance Minister Pravin Gordhan.

  • #FeesMustFall reporting

    What are the real issues and whose voices are being suppressed by social media, asks Solly Moeng.

  • Matchmaker businesses

    Multisided platforms can create huge value for society and fortunes for entrepreneurs, says Ian Mann.

All data is delayed
See More

Top firms scramble for oil wealth

Mar 28 2013 19:09

Beirut - Lebanon's energy ministry says 50 companies have participated in a pre-qualification process to win licences for oil and gas work off the Lebanese coast.

The ministry says the companies include Chevron and Exxon Mobil from the United States and Royal Dutch Shell.

Lebanon is a resource-poor nation and any finds could help it pay off what is one of the highest debt rates in the world.

The names of winning companies will be announced on April 18.

Recent Israeli discoveries of oil and gas have raised tensions between Lebanon and neighbouring Israel, which are in a state of war.

Both countries claim a small maritime area of 850 square kilometres in the Mediterranean.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

exxon  |  royal dutch shell  |  chevron  |  lebanon  |  oil and gas


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Do you use all your downloaded apps on your smartphone?

Previous results · Suggest a vote