Lebanon begins 'historic' offshore oil drilling amid
Beirut -- Lebanon's president Thursday inaugurated the Mediterranean country's first offshore exploratory drilling for oil and gas, calling it a “historic day” for the cash-strapped country.
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Oil Jumps as Lebanon Explosion Sparks Fears Over Instability
Aug 04, 2024· Oil climbed to the highest level in nearly two weeks after an explosion at Lebanon’s main port rocked the capital Beirut, stoking fears over instability in the region.
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Lebanon Oil Reserves, Production and Consumption
Lebanon consumes 153,000 barrels per day (B/d) of oil as of the year 2016.; Lebanon ranks 64th in the world for oil consumption, accounting for about 0.2% of the world's total consumption of 97,103,871 barrels per day.; Lebanon consumes 0.96 gallons of oil per capita every day (based on the 2016 population of 6,714,281 people), or 349 gallons per capita per year (8 barrels).
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