The Offshore Petroleum Resources Law
The Offshore Petroleum Resources Law (OPRL) – Law 132 24/8/2010 - applies to petroleum activities within territorial waters and waters of the Exclusive Economic Zone (EEZ) in connection with Hydrocarbons subject to Republic of Lebanon jurisdiction. The OPRL regulates reconnaissance, exclusive petroleum rights and the exploration and production agreement between the Lebanese State and the right holders. According to this law the Lebanese Sate reserves the right to carry out or participate in petroleum activities. The proceeds arising out of petroleum activities shall be placed in a sovereign fund. PDF in English - PDF in Arabic