Want to get the latest news to your inbox? Sign-up here for our newsletters The claim: • Italian oil company Eni reportedly claimed to have discovered a gas field off the coast of Lebanon, specifically off Ras Kifa, Chekka (North Lebanon), which would be one of the largest ever discovered in the Mediterranean. The company reportedly even specified that it is similar to the gas fields in Egypt, except more superficial (it would require drilling 400 to 600 meters in Lebanon compared to over 4,000 in Egyptian waters).However, Eni allegedly abandoned the project because Lebanese officials demanded excessively high commissions, on the order of 100 million dollars. These same Lebanese leaders reportedly even asked Eni to lower its profit share from 30 to 25 percent, claiming 65 percent for the Lebanese state (compared to the regulatory 70...
Want to get the latest news to your inbox? Sign-up here for our newsletters The claim: • Italian oil company Eni reportedly claimed to have discovered a gas field off the coast of Lebanon, specifically off Ras Kifa, Chekka (North Lebanon), which would be one of the largest ever discovered in the Mediterranean. The company reportedly even specified that it is similar to the gas fields in Egypt, except more superficial (it would require drilling 400 to 600 meters in Lebanon compared to over 4,000 in Egyptian waters).However, Eni allegedly abandoned the project because Lebanese officials demanded excessively high commissions, on the order of 100 million dollars. These same Lebanese leaders reportedly even asked Eni to lower its profit share from 30 to 25 percent, claiming 65 percent for the Lebanese state (compared to the regulatory...
