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  • 06-04-19

    Round 2 for offshore exploration licensing to commence in Lebanon

    (MENAFN) Bids to obtain licenses for offshore oil and gas exploration will commence after Lebanon's council of ministers passed the second round.

    Lebanese Energy Minister Nada Boustani declared that "the deadline to submit offers is January 2020."

    It comes more than a year after Lebanon penned its first offshore oil and gas exploration and production agreements with two energy blocks with a consortium that includes Total, Eni and Novatek.

    Oil and gas discovery in maritime territories of Lebanon is likely to occur in a year, affirmed chairman of the Lebanese petroleum administration Walid Nasr earlier.

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