Berri Calls for Speeding up Oil Excavation to Resolve Lebanon’s Financial Problems

W300

Speaker Nabih Berri hoped on Wednesday that efforts will be speeded up in petroleum excavation in order for Lebanon to move on to the drilling phase.

He said during his weekly meeting with MPs at Ain al-Tineh: “The sooner we begin the excavation, the sooner we begin to seriously tackling the country’s economic and financial problems.”

“This will naturally positively affect the situation in Lebanon,” he stated.

On January 4, the cabinet approved the executive decrees for the law on oil excavation in Lebanon’s territorial waters.

Energy and Water Minister Jebran Bassil said that finalizing the decrees was a step that “highlights the seriousness of the Lebanese government and Lebanon in addressing this issue.”

Addressing the wage hike dispute in Lebanon, Berri revealed before the MPs that efforts are underway to resolve the issue soon.

“Stalling in resolving the problem will negatively affect the people and the government’s credibility,” said the speaker.

SourceNaharnet
Comments 11
Thumb shab over 12 years

The oil can wait. Fix the country and disarm the filthy militia

Thumb jabalamel over 12 years

the filthy zionist information war department uses every chance to convince lebanese that oil can wait.

the oil in lebanese water cannot wait.
the oil in palestine water can. after all, when palestine is liberated that oil will belong to palestinians

Missing peace over 12 years

instead of rushiing to make necessary refomrs to save public money and stop corruption they count on gas money to continue their stealings!

. http://www.ft.com/cms/s/0/ae676e4e-dc56-11df-a9a4-00144feabdc0.html#ixzz1jBRT8txy

"Kamal Hamdan, an independent consultant, says: “We have registered the highest growth rate in the last three or four decades during the last three years, when the government has been almost non-existent.”

For Marwan Barakat, head of research at Bank Audi, the controls that the political impasse has imposed on public spending have had a positive effect in reducing the country’s debt to gross domestic product ratio, one of the highest in the world. "
FINANCIAL TIMES oct 2010

when the gvt doesn t interfere lebanon is making money... moral? the politicians are all incompetent and the eagerness they want this project to be carried out only prove they want just their share but certainly not for the sake of the country...

Thumb jabalamel over 12 years

the filthy zionist informaton war department has taken some stupid statistics in order to convice someone that lebanon should not drill it's own oil.

hillarious

Missing n3msp over 12 years

He sure is in a hurry to put his hands on that money!! Mr. ISTIZ

Default-user-icon Marc Y (Guest) over 12 years

stealing billions is better than stealing millions!!! especially after the arab spring when some of the leaders took the oil money and fled (Tunisia, Yemen).

Thumb www.jabalamel.fanclub.com over 12 years

the filthy zionist information war department is using statistical halucinations to convince some kharoufs that oil drilling is not good for lebanon. The great Eisnhower once said "There are two kinds of statistics, the kind you look up and the kind you make up." Oh, how much this wise man is missed today!

Thumb grigori over 12 years

Only a American would have know some obscure American Presidents quaote....

Thumb grigori over 12 years

...and whats so great about Eishower...

Missing peace over 12 years

i guess the only one who is hallucinating is ahbal: where has he seen any statistics?
poor him he doesn t even know how to read....

Missing peace over 12 years

i guess mortadella that again you should have been quiet instead of saying nonsense...
there are NO statistics in what i pasted...let me give you a definition: "numerical info that has been collected, classified, and interpreted" whereas here he is just giving a figure which in no case is a statistic, got it?
mathematics illeterate too? you disappoint me here :)