Lebanon – Cyprus – Israel:
Lebanese-Cypriot relations were given a boost this past week (3-9/12) by a series of events, after a period of somewhat uneasy relations due to a Cypriot-Israeli agreement over the delimitation of their Exclusive Economic …
[Oil & Gas Updates]: Weekly Roundup 10/12 Read More »
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 International Crisis Group released today (22/11) a report on the impact of the Syrian civil war on Lebanon’s stability, followed by a list of recommendations to the main parties and actors involved. The release of the report, “…
Lebanon: ICG warns of further destabilization due to Syrian crisis Read More »
An article published in Al-Akhbar by Nasser Charara [Link in Arabic. French translation here] on November 13 looks at the Syrian crisis through energy geopolitics. The author refers to leaks emanating from a “western oil giant” to conclude that …
El-Nashra reported on November 15, that Baath MP (and former minister) Assem Qanso believes stability in Lebanon is due to large oil deposits in the country, both offshore and inland, particularly in the Beqaa, his native region.
Qanso, who holds …
In a televised speech on the occasion of the first day of the Shi’ite religious celebration of Ashoura, Hezbollah leader Sayyed Hassan Nasrallah devoted an important part of his TV appearance to the Gaza crisis and urged Arab states to …
The Kataeb party released a statement on 12/11 [Link in Arabic], following the weekly meeting of its political bureau, and called for the adoption of the highest standards of transparency in the management of the oil and gas sector, and …
[Oil & Gas Updates]: Civil society to monitor oil and gas sector? 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 newly-formed Petroleum Administration held its first meeting on Friday 09/11, headed by Energy Minister Gebran Bassil. Bassil said the major challenge ahead is to be ready by the end of 2012 for the launching of the first licensing round. …
[Oil & Gas Updates]: Petroleum Administration: The Challenges Ahead Read More »
The cabinet approved on 07/11 the nomination of the board members of the Petroleum Administration. The regulatory body is entrusted with the administration of the petroleum sector. It is responsible of managing and supervising hydrocarbon exploration and production activities in …
For the past two days, Lebanese media—print, audiovisual, and news websites—has been reporting extensively on the vast potential for oil and gas reserves in Lebanon.
Lebanese daily Assafir reported on 03/11 that Parliament Speaker Nabih Berri stated that Lebanon, particularly …