The parliamentary Public Works, Transportation, Energy and Water Committee requested from the Lebanese government Tuesday to immediately create a body to run the oil sector, so that Lebanon starts benefiting from its offshore oil and gas reserves.

Lebanon’s Parliament endorsed on August 4 a draft law demarcating the county’s maritime borders .
Prime Minister Najib Mikati described the step as a “great achievement”
To be noted that these offshore resources are valued in billions and should have a huge impact on Lebanon’s economy.