Lebanon – First licensing round:
A reassessment of data collected from the latest 3-D survey conducted by Spectrum ASA showed that hydrocarbon reserves off the southern coast may be larger than previously thought. Initial findings in this area were …
[Oil & Gas Updates]: Weekly Roundup 04/02 Read More »
Lebanon – Russia:
Lebanese President Michel Slaiman paid a 5-day visit to Russia on 19-23/01. The purpose of the visit was to receive the annual prize of the International Foundation for the Unity of Orthodox Christian Nations for his …
[Oil & Gas Updates]: Weekly Roundup 28/01 Read More »
Lebanon – Russia:
Lebanese President Michel Slaiman headed to Russia on 19/01 for a 5-day visit. Slaiman is scheduled to hold talks with President Vladimir Putin and Prime Minister Dimitri Medvedev, focusing on the situation in the middle east …
[Oil & Gas Updates]: Weekly Roundup 21/01 Read More »
Lebanon – Corruption:
According to Transparency International’s yearly report, Lebanon, with a score of 30 points, is considered among the 50 most corrupt countries in the world, ranking 128th out of 174 countries. Corruption is widespread, particularly …
[Oil & Gas Updates]: Weekly Roundup 07/01 Read More »
Today’s cabinet session (27/12), the last in 2012, has been announced with much fanfare, several days in advance, by government officials. Local media described the news as “a holiday gift”, quoting Parliament Speaker Nabih Berri or Energy Minister Gebran Bassil, …
Lebanon – Economic Prospects:
The Lebanese ministry of energy has to deal with complications arising from two separate projects initiated by minister Gebran Bassil: the construction of a power plant in Deir Amar and the leasing of electricity-generating ships …
[Oil & Gas Updates]: Weekly Roundup 03/12 Read More »
Lebanon – Iran:
Iran granted $40 million to Lebanon for the construction of a water dam in the village of Balaa in Batroun to generate power. The deal was signed on 16/11 in Beirut between the Iranian Energy Minister …
[Oil & Gas Updates]: Weekly Roundup 26/11 Read More »
The chief executive of Cairn Energy, which is eyeing offshore Lebanon, Simon Thomson, believes there’s a lot more hydrocarbon resources to be discovered in the Mediterranean. Cairn Energy has expressed interest in the past in Lebanon’s hydrocarbon potential, and …
The government announced on 07/11 the list of the Petroleum Administration’s board members. Energy Minister Gebran Bassil also declared at the end of the cabinet meeting that the government is committed to launching the first licensing round for hydrocarbon …
[Oil & Gas Updates]: First licensing round by end of 2012 Read More »