Lane was president of privately held Stack Royalties, a Texas-based company that sells oil and gas mineral rights to investment funds and private equity groups.
The energy sector player reports stable production from the Karish reservoir amid global challenges, achieving robust financial results exceeding a billion dollars.
“The economy’s energy needs will be supplied by alternative fuels… The electricity industry is preparing to use alternative fuels to power its stations.”
The fuel was later brought to Italy where it was mixed with diesel and oil and resold illegally to motorists.
At no time since the Yom Kippur War has terrorism abated, nor has guerrilla warfare, intelligence work, lawfare, or cyber attacks on civilian infrastructures.
The important comments by Saudi Arabia’s crown prince this week about potential normalization with Israel and also Iran’s nuclear program illustrate how Riyadh is positioning itself in the region.
A tanker full of oil was stuck off the coast of Yemen with a risk of spill greatly damaging the Red Sea.
Without structural reforms and a sovereign wealth fund, experts say, Lebanon’s new maritime gas field won’t end its economic malaise
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