Lebanon Bid Round

Several key Lebanese politicians have indicated this week that plans to breathe life back into the country’s much-delayed offshore oil and gas bid round are progressing, albeit at the slow pace typical of Lebanese policymaking. Perhaps indicating that a breakthrough in political deadlock is approaching, leaders on both sides of the country’s political spectrum suggest that the country’s disparate factions may soon agree to the text of the outstanding cabinet decrees governing fiscal terms and the number, size and shape of offshore blocks. According to the most recent iteration of the bid round schedule, bidding will close six months after the day the cabinet passes the two remaining decrees. (CONTINUED - 367 WORDS)