Lebanon | Egypt Oil & Gas - Part 5
Consortium Wins Exploration Rights Off Lebanon
Lebanon awarded offshore concessions to a consortium of Total, Eni, and Novatek to explore in its territorial waters, Bloomberg reports. The companies received preliminary licenses for blocks 4 and 9, according to the...
Lebanon Still Accepting Technical Proposals Despite Political Uncertainty
Lebanon is continuing to move forward with its exploration licensing for energy deposits in its territorial waters despite the political uncertainty caused by the resignation of its former Prime Minister, Saad El Hari...
Lebanon’s Parliament Approves Oil & Gas Tax
The Lebanese National Assembly approved a new law regulating taxation on oil and natural gas revenues, Stratfor reports. The new legislation, if implemented, will impose a 20% tax on oil revenues in addition to a 5 mi...
Lebanon to Auction 5 Offshore Areas
Lebanon will auction energy-development rights to five offshore areas and adopt production-sharing contracts to attract international investors as the country seeks to join a regional race to tap oil and gas wealth in...
Lebanon Passed Oil, Gas Decrees
Lebanon’s new government passed two decrees concerning oil and gas exploration blocks, meaning a tender process for offshore reserves, stalled since 2013, can begin, Reuters reported. Seismic studies carried out...
Lebanon Approves US Firm’s Bid for $339m Power Plant
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, reported Business New...
Lebanon Requests Iran’s Assistance in Dam Construction
Lebanese Environment Minister has called for the Iranian private sector’s involvement in constructing dams in Lebanon. Mohammad Macknouk made the comments in a meeting with his Iranian counterpart Hamid Chitchian in T...
Lebanon launches gas exploration pre-qualification round
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. Energy Minister Gebran Bassil sai... 
