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Inside Investor

LEBANON: Good News for Stability, Good News for Levant Fossil Fuels Prospects

LEBANON: Good News for Stability, Good News for Levant Fossil Fuels Prospects

Bottom Line: The sweeping parliamentary endorsement of Sunni politician Tammam Salam to become the country’s next prime minister is a major boost for stability and removes a great deal of uncertainty surrounding the future of Lebanon’s Levant Basin oil and gas potential.

Analysis: On 6 April, Salam won support from all major factions—including the Shi’ite Hezbollah-led…

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