Lebanese offshore oil and gas licensing round continues despite political crisis

11 Nov 2017   Lebanon

Lebanon’s Energy Minister on Friday called on companies bidding in its first round of licensing to explore for oil and gas in its Mediterranean waters to begin technical discussions, suggesting the process would continue despite the political crisis. Prime Minister Saad al-Hariri resigned in a speech from Saudi Arabia last Saturday and has yet to return to the country, sparking a political crisis. President Aoun has said he will not accept Hariri’s resignation until he returns to the country, while the Lebanese authorities have said they consider the government to still be legitimate. And Energy and Water Minister Cesar Abi Khalil said on Twitter that he signed a document on Friday calling on companies who submitted bids for the offshore license blocks “to negotiate the technical proposals”. Lebanon sits on the Levant Basin in the eastern Mediterranean where a number of big subsea gas fields have […]

Tags:

Comments are closed.