Aoun Hails 'Historic Day', Says Lebanon to Fiercely Defend Oil Resources


President Michel Aoun has announced that Lebanon will witness a “historic day” Thursday with the official launch of offshore oil and gas drilling.

“This event should have been launched in 2013, but domestic and political difficulties prevented that,” Aoun said in an address to the nation.

Noting that Lebanon is going through “the severest economic and financial crisis in its modern history,” the president said oil exploration will have “a very important geopolitical impact” and will “affirm our active presence and the elements of our strength and firmness.”

“Today, more than ever, we are determined to shoulder the responsibility of confronting wrong economic policies and successive accumulations,” Aoun added.

He said that oil extraction “will represent a cornerstone for climbing out of the abyss and a drastic juncture for turning our economy from a rentier economy into a productive economy.”

Aoun added that the country’s oil and gas resources are “for all Lebanese,” emphasizing that the revenues “will be a sovereign fortune that will not be wasted or affected by corruption.”

“No group will practice hegemony over it,” he reassured.

The president also vowed that Lebanon will “fiercely defend every drop of its territorial waters where our oil and gas resources are situated.”

Comments 9
Missing peace 26 February 2020, 21:04

Nigeria also has one of the largest oil field but how much do the nigerian people receive from it? nothing.. it all goes to the multinational corp. and the corrupted state...
how will it be different in lebanon? what guarantees does the gvt give to the lebanese people that they will benefit from the oil?

“No group will practice hegemony over it,” he reassured.

yes? and how transparent will the gvt be on this? talk is cheap....

Thumb doodle-dude 26 February 2020, 21:10

lol @ 'my dream will come true tomorrow'

Thumb justin 26 February 2020, 21:25

عون: حلمي بعد عودتي من المنفى يتحقق في يوم تاريخي غداً

Thumb eagledawn 26 February 2020, 21:31

“بتبقى انت الحلم، والحلم ما بيشيخ”
الله يحميك
بي الكل

A fearless man - A real leader - A true statesman.

Thumb ___flamethrower___ 26 February 2020, 22:02

Never has Lebanon known or seen a president who fiercely defends Oil Resources as much as this one, ever!

Thumb s.o.s 26 February 2020, 23:22

Il peut crever la gueule ouverte .

Thumb Geralt 27 February 2020, 11:57

Mais c'est une révolte ? — Non, Sire, c'est une révolution !

Réponse du duc de LA ROCHEFOUCAULD-LIANCOURT (1747-1827), à LOUIS XVI (1754-1793), réveillé le soir du 14 juillet, à Versailles.

Thumb thepatriot 27 February 2020, 09:39

Yes peace... Nigeria, Iran, Venezuela... full of oil... but not doing well at all...
He is just trying to quiet the masses with more BS...

Missing phillipo 27 February 2020, 13:06

What percentage will he be getting?