Lebanon Seeks Advice On Implementing Hydrocarbon Law

Dec. 6 (Bloomberg) -- Lebanon is seeking advice on implementing its offshore hydrocarbon law, Energy and Water Minister Gebran Bassil said.

The government is seeking proposals from consulting firms with “proven extensive experience,” in the oil and gas exploration and production industry, the minister said in an announcement published today in the Daily Star newspaper.

It said the shortlisted consulting firm would provide advisory services and assistance as well as the preparation and promotion of the first licensing round.

Consulting firms have until Dec. 23 to submit their proposals to the energy ministry.

Lebanon’s parliament approved Aug. 17 a law that opens its offshore areas for the first time to oil and natural-gas exploration.

To contact the reporter on this story: Massoud A Derhally in London at mderhally@bloomberg.net

To contact the editor responsible for this story: Peter Hirschberg at phirschberg@bloomberg.net