Chbat and Jaber discuss revenue sharing and other issues related to oil and gas during the conference.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Top officials promised to award the first oil and gas exploration contract to selected bidding companies before the end of 2017, said Wissam Chbat, chairman of the Lebanese Petroleum Administration.Chbat said that awarding the first oil and gas exploration contract to selected bidding companies by the end of 2017 will add more value for the second and third licensing rounds that will be opened later on.Chbat said that Lebanon has a great advantage over other regional countries when it comes to oil and gas exploration.One of the most important advantages that companies will get from bidding for oil and gas exploration on Lebanon's offshore, Chbat said, was that the selection process for blocks that will be opened for bidding in the first licensing round was done very carefully based on discoveries made in the region.The government announced at the beginning of this year that it would put out blocks 1, 4, 8, 9 and 10 for bidding in the first licensing round for the exploration of oil and gas.
Hajj Hasan says Syria trip aims to boost trade
BLOM boss: Don’t overload Central Bank
Economists urge government to reduce deficit
FOLLOW THIS ARTICLE