Lebanon okays oil decrees to start stalled tender process
‘The two oil decrees have been decided in the first achievement for the government,’ Foreign minister Gibran Bassil tweeted
Lebanon’s new government on Wednesday passed two important decrees defining oil and gas exploration blocs, meaning a tender process for offshore reserves, stalled since 2013, can begin.
“The two oil decrees have been decided in the first achievement for the government,” Foreign minister Gibran Bassil wrote on Twitter during the first meeting of the new cabinet under Prime Minister Saad Hariri.
Lebanon’s politicians set aside differences on oil and gas policyBerri -Basil understanding sets stage for inviting offers on all 10 blocks to interested companies Energy
Lebanon: Remittances in decline but holding steady this yearIndirect impact of low oil prices in GCC countries will have an adverse effect on Lebanon through lower remittances, capital flows Economy
U.N. asks Israel to pay Lebanon $850 mln for oil spillIsrael’s U.N. Mission said in a statement that the resolution is biased against Israel and urged further investigation Middle East
Lebanon gas licensing round deadline delayed to Aug 14Officials say Lebanon may have as much as 96 trillion cubic feet of gas and 850 million barrels of oil under its waters Energy