Lebanon to Auction Energy Rights in Area Contested by Israel
- Exxon Mobil among 46 companies that qualified to bid in 2013
- New bidders can express interest from Feb. 2 to March 31
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Lebanon wants to auction energy rights to areas in the Mediterranean Sea contested by neighboring Israel and will invite more companies to qualify for bidding next month.
The new bidders can apply Feb. 2 to March 31, Energy Minister Cesar Abi Khalil told reporters at his office in Beirut. The ministry will select license winners by Nov. 15, he said. Lebanon’s cabinet approved two decrees earlier this month allowing the Middle Eastern nation to move ahead with development of its energy assets, ending three years of delays.