Lebanon

Cypriot authorities remain upbeat on the country’s chances of finding offshore gas riches in the coming months despite Total’s failure to find commercially viable quantities. Next door, the deadline for Lebanon’s recent bid round has been delayed.

The Lebanese parliament on 18 July finally passed the salary scale bill for public sector employees which has been pending...

The new US administration’s firmer Iran stance has raised concerns in Beirut of new sanctions aimed at Hizbollah that could destabilize its fragile economy.

Lebanon’s relaunched offshore bid round risks flopping. With only five blocks on offer and three of these contested with Israel, the number of firms looking to operate has fallen to just six from 13 in 2014. ExxonMobil, Chevron and Shell are among those to have pulled back.

Lebanon on 21 March raised a record $3bn through a Eurobond issue which was six times oversubscribed with offers of...

Lebanon’s draft budget, approved by the Council of Ministers on 8 March, plans to cut the corporate tax rate to...

Lebanon achieved a major political breakthrough in October 2016; it ended a two-year standoff between various political groups which had...

With a new president, Lebanon plans to make its first offshore awards by end-2017. But focusing on acreage part-claimed by Israel risks derailing the process.

Lebanon’s cabinet on 4 January finally approved two decrees necessary to open a bid round for acreage in the country’s...