After maritime border deal with Israel, Lebanon looks to capitalise on underwater oil exploration ...Middle East

Lebanon and Israel have signed a historic agreement demarcating a long-disputed maritime border after years of US-mediated negotiations, paving the way for Lebanon to exploit the energy resources off its coast. However, analysts point out that Lebanon lacks the infrastructure and governance for a rapid shift to becoming an oil-exporting nation, so the deal is unlikely to offset the nation’s economic and social crises in the short term. 

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