After maritime border deal with Israel, Lebanon looks to capitalise on underwater oil exploration

Lebanon and Israel have signed a historic agreement demarcating a long-disputed maritime border after years of US-mediated negotiations, paving the way for Lebanon to exploit the energy resources off its coast. However, analysts point out that Lebanon lacks the infrastructure and governance for a rapid shift to becoming an oil-exporting nation, so the deal is unlikely to offset the nation’s economic and social crises in the short term. 

After maritime border deal with Israel, Lebanon looks to capitalise on underwater oil exploration
Lebanon and Israel have signed a historic agreement demarcating a long-disputed maritime border after years of US-mediated negotiations, paving the way for Lebanon to exploit the energy resources off its coast. However, analysts point out that Lebanon lacks the infrastructure and governance for a rapid shift to becoming an oil-exporting nation, so the deal is unlikely to offset the nation’s economic and social crises in the short term.