Advertisement
Advertisement

Anonymous Unveils Lebanon's Net Proceeds from Oil Extraction

Bookmark this
November 28, 2015



The Anonymous group released a new video addressing the Lebanese people, revealing the untold details pertaining to the much-anticipated oil and gas exploration in the country.

"Two years ago, billboards across Lebanon declared that the country has oil. The announcement was supposed to bring a magical solution for many of Lebanon's ills, including chronic public debt, power shortage and poor public services," the video mentions. 

"Back then, the prospect of major oil discoveries off the Mediterranean coast ushered in a dream of a prosperous future. But today, it seems that the Lebanese were the victims of false advertising," it added.

The video uncovered "some information that most of you, Lebanese, don't know or your government doesn't want you to know."

First, Lebanon's net proceeds from gas extraction could easily exceed $600 billion, which is more than enough to contain public debt and stimulate the economy. 

Second, Lebanon has 96 trillion cubic feet of gas reserves and 865 million barrels of oil reserves.

Third, a cyber attack on the Britain-based company Spectrum database has indicated that Lebanon's gas reserves just in the south is 25 trillion cubic feet, which Israel already started extracting it.

Four, the promise of future revenues of oil and gas extraction comes as Lebanon continues to struggle economically due to the regional turmoil and political paralysis.

"Citizens of Lebanon, the time has come to ask your ministers why are they delaying the extraction of oil," the group stressed.  

 


Advertisement

Recent Articles

The United Australia Lebanese Movement Australia Day Award Ceremony

The United Australia Lebanese Movement Australia Day Award Ceremony

in Community News

The United Australia Lebanese Movement (UALM) held its 22nd consecutive Australia Day Award Ceremony on 22/01/2020 endorsed by the Australia Day Council of NSW. The UALM is the only organisation outside of Local Government able to hold such an event.

January 26, 2020

Rubber Bullets, Tear Gas, Water Cannons Fired at Stone-Throwing Protesters in Beirut

Rubber Bullets, Tear Gas, Water Cannons Fired at Stone-Throwing Protesters in Beirut

in Local News

Security forces on Sunday fired rubber bullets, tear gas, pepper spray and water cannons at stone-throwing protesters in central Beirut, a day after almost 400 people were injured in the fiercest clashes yet...

January 20, 2020 By Naharnet Newsdesk

Lebanon ranks first in Huawei's Mideast ICT competition

Lebanon ranks first in Huawei's Mideast ICT competition

in World News, Local News

Lebanon ranked the first in Huawei's Middle East ICT competition which took place over the weekend in the Chinese city of Shenzhen, a Huawei statement said Monday. A total of 13 teams of 39 students from across the Middle East competed in the final.

December 3, 2019

Hariri Announces Resignation, Urges Political Parties to Protect Lebanon

Hariri Announces Resignation, Urges Political Parties to Protect Lebanon

in Local News

Prime Minister Saad Hariri on Tuesday submitted his government’s resignation to President Michel Aoun, on the 13th day of an unprecedented popular revolt against the entire political class.

October 30, 2019 By Naharnet Newsdesk