Friday, October 13, 2017

One bid received for gas exploration. Years required for commercial return


The Ministry of Energy and Water (MoEW) announced that only one consortium submitted two bids for offshore gas exploration.

The bidding procedure set by the Lebanese Petroleum Administration (LPA) requires a minimum of three companies to establish a joint venture, with at least one operator.

LPA announced that only one consortium participated in the
process. It will be led by the French operator Total, while the other non-operating partners are the Italian firm Eni Internationa...

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