Lebanon officially joins the Club of Oil Countries!

The Lebanese cabinet agreed Thursday to grant concessions to three oil companies, Total, Novatec and Eni, for the exploration and production of oil in blocks 4 and 9.

This decision comes after years of waiting and makes Lebanon an oil producing country.

Following the Lebanese cabinet’s decision, Minister of Foreign Affairs, Gebran Bassil, said via Twitter “Years of reticence and injustice against us and Lebanon have ended with a few minutes of truth at the Cabinet session,” followed by the hashtag “Lebanon oil country“.