Iran to begin Lebanese offshore oil exploration

Iranian Ambassador to Lebanon says Teheran to conduct a 3D seismic survey to map possible oil and natural gas-bearing structures.

November 2, 2010 21:46
1 minute read.
Illustrative photo

311_offshore oil well. (photo credit: Associated Press)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Iran will begin explorations at an offshore oil and gas field controlled by both Lebanon and Israel, Iranian Ambassador to Lebanon Ghazanfar Roknabadi declared on Monday.

He said that Iran would conduct a 3D seismic survey to map possible oil and natural gas-bearing structures.

Be the first to know - Join our Facebook page.

Roknabadi spoke in response to an Iranian government statement that it would launch oil and gas exploration activity in Lebanon. On October 3, Iran’s Minister of Petroleum Masoud Mirkazemi said that Iran had signed agreements with Lebanon to develop its oil and gas fields, and to develop a local refining industry.

The Iranian Labor News Agency quoted Roknabadi as saying, “Lebanon has [an] oil field shared with Israel. Threequarters of this field belongs to Lebanon and a quarter of the field belongs to the occupying regime [Israel],” “This country is about to exploit oil soon, but the Lebanese have not done anything in the field yet,” he added.

“Even when we expressed readiness to help the Lebanese in this field, the parliament of [Israel] voiced objection and said that Iran should not do this. But Lebanese officials have much welcomed our participation in oil exploration in this country.”

Lebanon has a delineation agreement with Cyprus. It hopes to start offshore gas and oil exploration in its waters by early 2012.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection