Lebanon licensing round schedule hinges on tax law

A parliamentary vote next week will determine the timeline for Lebanon’s long-awaited licensing round
By Verity Ratcliffe 15 September 2017
Parliamentary address by Michel Aoun, president of Lebanon Lebanese President Michel Aoun addresses the country’s parliament. (PA)

IOCs wanting to explore Lebanon’s offshore acreage will be holding their breaths next week as parliament decides whether to approve the country’s updated petroleum tax law. The law needs parliamentary approval before Lebanon’s repeatedly delayed first licensing round can go ahead.

“Next week’s session can be seen as an indicator of whether the political class intends to facilitate the process or not,” Mona Sukkarieh, a political risk consultant and co-founder of Middle East Strategic Perspectives, told Interfax Natural Gas Daily

The deadline for bids to explore the blocks...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up