Governance
Lebanon Delays Oil & Gas Tender, Breaks with Gebran Bassil’s Past Policies

Energy Minister Arthur Nazarian announced on August 08 that the deadline to submit bids in

Lebanon’s first licensing round has been postponed from August 14, 2014 until “a maximum of

six months from the date of the adoption” of the missing decrees. The tender has been repeatedly

delayed due to the absence of two decrees, one defining offshore blocks and their coordinates

and another defining the terms of the model exploration and production agreement.

 The tender has been repeatedly delayed due to the absence of two decrees. 

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#استثمار #جولة التراخيص #المراسيم #licensing round #petroleum administration #decrees #investment