Oil Companies in Lebanon | List of Largest Oil Companies in Lebanon
The East Mediterranean basin has 1.7 billion barrels of undiscovered oil, and 122 trillion cubic feet of undiscovered natural gas according to the 2010 estimate by the US Geological Survey (USGS).
Top Oil and Gas Companies in Lebanon
The East Mediterranean basin has 1.7 billion barrels of undiscovered oil, and 122 trillion cubic feet of undiscovered natural gas according to the 2010 estimate by the US Geological Survey (USGS).
Despite the great reserves hidden in the Lebanese waters, Lebanon is not yet an oil producing country. All the oil consumed in Lebanon (approx. 101,000 bbl/d) is imported. According to the Central Administration of Statistics, 1,488,366,858 liters of Unleaded oil 95, 323,361,292 liters of Unleaded oil 98 and 148,380,888 kg of Liquid gas were imported to Lebanon by different companies in 2008.
The leading Lebanese importers and distributors of petroleum products are MEDCO, Total and HYPCO.
The top gas importer and distributor in Lebanon is Natgaz.
Lebanon used to be a refinery center for crude oil but both Lebanese oil refineries, Zahrani and Tripoli, had to be closed down due to damage and general instability caused by the civil war. Zahrani and Tripoli refineries started to operate again in 2002.
Association of Petroleum Importing Companies (APIC)
As a non-governmental organization, APIC’s membership covers 14 oil companies in Lebanon which are active importers and distributors of petroleum products into the Lebanese market.
Top Petroleum Importers and Distributors in Lebanon
MEDCO
The roots of the leading petroleum products importer and distributor in Lebanon can be traced back to 1910. MEDCO is 100% privately-owned family-run business. MEDCO imports refined petroleum products of highest quality, distributes them to service stations, businesses and homes and marketing customer-oriented quality services. MEDCO owns 30 service station in prime spots in Lebanon and also retails Gasoline, Diesel Oil, LPG and Caltex Lubricants to more than 250 service stations across the country.
Total Liban SAL
Hydrocarbon Products Company
United
The Coral Oil Co ltd
Wardieh Holdings Inc. SAL
IPT
Liquigas Liban SAL
Cogico
Uniterminals SAL
Abillama
Top Gas Importers and Distributors in Lebanon
Natgaz (National Distributing Gas Company) Société Industrielle pour le Remplissage et la Distribution du Gaz (Sidaco)