Oil companies still keen to operate in Lebanon

The Daily Star

Most foreign oil firms are still keen to operate in Lebanon despite the delay in launching the offshore gas auction, sources said Tuesday.

“It is true that some of the companies that have submitted requests to explore gas in Lebanon are not too pleased by the auction delay, but nevertheless, they have not given up on the country,” a source in the oil industry told The Daily Star.

Caretaker Energy and Water Minister Gebran Bassil has postponed the auction from Nov. 10 until Jan. 10 in the hope that rival politicians will come to an understanding on the issue of offshore gas exploration.

Source: The Daily Star FULL STORY