Lebanon okays oil decrees to start stalled tender process

 04 Jan 2017 - 15:15

Lebanon okays oil decrees to start stalled tender process

Reuters

BEIRUT: Lebanon's new government on Wednesday passed two important decrees defining oil and gas exploration blocs, meaning a tender process for offshore reserves, stalled since 2013, can begin.

"The two oil decrees have been decided in the first achievement for the government," Foreign minister Gibran Bassil wrote on Twitter during the first meeting of the new cabinet under Prime Minister Saad Hariri.