On January 4th, 2016 Lebanon’s new government passed two needed decrees that had delayed development of an offshore oil and gas sector since 2013. Without the decrees, one pertaining to block delineation and the other to the Tender Protocol and Exploration and Production Agreement (EPA), international oil companies cannot bid for rights to explore for oil and gas in Lebanese waters.
On April 26, 2017 the ministry of energy announced the companies that are qualified to submit bids in Lebanon's first offshore oil and gas licensing round, with contracts set to be signed in November. The qualified companies now total 51, including those that were greenlit during the first qualification round back in 2013.
On September 7, the minister of Energy and Water, Cezar Abi Khalil, extends the bidding round from September 15 to October 12.
On October 12th, the Minister of Energy and Water announces the closure of the bidding round. One consortium, composed of TOTAL, ENI, and NOVATEK, submits two separate bids on blocks 4 and 9.
Council of Ministers approves a recommendation from the LPA for preparing Lebanon’s second offshore licensing round
On the 26th of July, parliament joint committees approve Whistle Blower Protection law
On September 6th, 2018 the following joint parliamentary committees were present during a joint parliamentary meeting and approved the draft law.
- Committee of Finance and Budget
- Committee for National Defense, Interior and Municipalities
- Committee for National Economy, Trade, Industry and Planning
- Committee for Agriculture and Justice
- Committee for Public Works, Transport, Energy and Water
- Committee for administration and justice.
Parliament holds a general assembly and ratifies the law "Whistle Blower Protection Law" (Law 83/2018)
Parliament holds a general assembly and ratifies the law "Strengthening transparency in the petroleum sector" (Law 84/2018). Law is accessible here.