Lebanon’s oil and gas sector is on track, despite possible, but minor, delays. The country’s first licensing round opened on May 2, 2013. The tender will provide an opportunity for international oil companies to enter a new market and to establish a foot in a promising gas-rich region. The prospect of exploiting potentially large resources has attracted wide interest from international oil and gas companies. 46 have made it through the qualification round and are eligible to submit bids. These resources, if commercially recoverable, will have strategic implications for the country. They will also generate new business opportunities, across multiple sectors.
Middle East Strategic Perspectives accompanied the emergence of the Lebanese oil and gas sector, and continues to provide its clients with a close coverage, including a weekly report available to the public and published on its website every Monday morning. MESP is now in the process of preparing a comprehensive report on the Lebanese oil and gas sector, focusing on its potential and opportunities, particularly for companies and businesses that are seeking to enter the Lebanese market. The report, entitled Lebanon’s Oil & Gas Sector: Potential and Opportunities, will provide an assessment of the sector, evaluating its strengths and weaknesses, and the opportunities it creates and can afford. The report is intended for oil and gas companies, law firms, local and foreign diplomats, consultants, service providers, bankers, and is designed to maximize their understanding of the business environment, and to anticipate and control the risks inherent to the nature of their work.
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