Iran to block Israel’s theft of Lebanese oil/gas

On July 11, 2011 – Lebanese Christian President Michel Suleiman warned the Zionist entity against taking any unilateral measures to exploit Lebanon’s resources in the demarcation of disputed maritime borders, vowing that the country would defend its Sea and land boundaries and rights through all legitimate means. The warning came after the Zionist regime’s approval of its new map of Eretz Yisrael which includes some portion of Lebanon’s maritime border.

Lebanon’s Islamic Resistance, Hizbullah, which has humiliated Jewish army twice before (in 2000 and 2006) also warned Tel Aviv. “The Israeli enemy cannot drill a single meter in these waters to search for gas and oil if the zone is disputed,” said Hizbullah MP Mohammed Raad.

In order to counter US-Israel Shaitan, Beirut signed energy exploration deal with Tehran on July 20, 2011. This deal, worth $50 million, has put Zionist mafia on hot-plate, claiming that the deal may violate UN sanctions against Iran.

The disputed maritime borders of the Eastern Mediterranean Sea, connects the coasts of Lebanon, Gaza, Cyprus and the Zionist entity.

The Noble Energy Inc. has been drilling for oil in Israeli waters since 1998 and had discovered the Mary-B field, where production started in 2004, i.e. four years after the discovery. Its relatively limited production capacity is of approximately 600 million cubic feet per day. The Mary-B is located along Palestinian territorial waters, and is also a shared field. There is another field that was discovered and that is being developed by British Gas in Palestinian waters near the Gaza shore. The field is ready for production, but Israel has refused to allow production and gas delivery directly to Gaza and the power station there, without directing the pipeline to the port of Ashkelon first. In other words, Israel wants to control the quantity of gas supplied to Gaza, to know its volume and subsequently, its financial value. However, these conditions were rejected by the operating company and the Palestinian officials, and no gas is being produced from the Palestinian field.

In 2009, the Zionist entity started developing another two oil and gas fields, Tamara and Dalit with a combined gas reserves of 6.3 trillion cubic feet, according to US Noble Energy. In June 2010, Canada’s Bontan Corporation announced that its Mira and Sarah prospects, adjacent to the Tamar field in the northern waters, have up to 5.71 trillion cubic feet of natural gas reserves.

When Tamar begins producing it could lower Israel’s energy costs by a $1 billion a year and bring $400 million a year in royalties into government coffers. That suggests a total of about $40 billion in savings and $16 billion in government revenues over the total yield of the field. Those numbers would only rise as Leviathan comes on line.

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