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Lebanon launches 2nd offshore licensing round for all remaining blocks

BEIRUT, Nov. 26 (Xinhua) Lebanon launched on Friday its second offshore oil and gas licensing round for all eight remaining blocks, the Lebanese Petroleum Ad ....

Lebanese Petroleum Administration , For All , Nd Gas , Licensing Round , Its Second , Pound For ,

Lebanon Selects UAE Company To Swap Unusable Iraqi Fuel Oil

Lebanon Selects UAE Company To Swap Unusable Iraqi Fuel Oil
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Raymond Ghajar , Energy Ministry , Lebanese Petroleum Administration , Emirates National Oil Company , Lebanese Energy Ministry , Energy Minister Raymond Ghajar ,

Investment expectations - Executive Magazine


Investment expectations
May 17, 2017
Walid Nasr’s eyes rolled so far back his head, Executive worried he was having an episode. The Lebanese Petroleum Administration (LPA)’s head of strategic planning was clearly disappointed. Only a few moments into an event organized by the Lebanese Forces, the emcee had wasted no time in estimating the value of Lebanon’s undiscovered offshore oil and gas. Whether she said it was hundreds of millions or billions USD, Executive forgets, as any such forecast is not worth remembering. As promising as Lebanon’s offshore may be, (with each new discovery in the east Mediterranean only adding to the hype), only actual drilling brings any certainty. ....

United Kingdom , Walid Nasr , United Kingdom Department For International Development , Lebanese Petroleum Administration , Lebanese Forces , International Development , ஒன்றுபட்டது கிஂக்டம் , வாலிட் நாஸ்ர் , ஒன்றுபட்டது கிஂக்டம் துறை க்கு சர்வதேச வளர்ச்சி , லெபனான் படைகள் , சர்வதேச வளர்ச்சி ,

Into the blue - Executive Magazine


Into the blue
May 11, 2017
Potential is the most important word to keep in mind when thinking about a future Lebanese oil and gas industry. In November (provided there’s a functioning government at the time), the country is scheduled to begin offshore exploration, which could provide a revenue stream flowing decades into the future and kickstart a local industry services sector. Fifty-one mostly foreign companies have pre-qualified to get in on the action (see list below), and despite  weaker prices per barrel than Big Oil would like, there is clearly appetite for investment in east Mediterranean acreage – industry slang meaning, in this case, drilling and production rights in blocks of a country’s Exclusive Economic Zone (EEZ). Evidence, from both drilling in the neighborhood and abundant subsea survey data covering nearly all of offshore Lebanon, suggests there could be good news in the country’s near future. That said, detailed predictions about what to expect ....

Lebanese Petroleum Administration , Big Oil , Exclusive Economic Zone , East Med , September Lebanon , Dutch Disease , பெரியது எண்ணெய் , பிரத்தியேக பொருளாதார ஸோந் , கிழக்கு மேட் , டச்சு நோய் ,