Lebanon’s Ministry of Energy and Water has approved a bid made by US firm Primesouth to operate and maintain the Zahrani and Deir Amar power plants, resulting in a five-year contract worth $339m.
Lebanon launched a pre-qualification round for oil and gas exploration in its Mediterranean waters on Friday, the first step towards the planned award of contracts by March next year.
Lebanon is delaying tenders for offshore exploratory drilling as it sets up an oil and gas oversight committee, but seismic tests suggest increasingly large potential gas reserves, Energy and Water Minister Gebran Ba ...