16 Apr, 2016
Perhaps the most proper way to describe the Lebanese situation and to accurately define the stalemate and confusion that have been prevailing for more than three years, is by “the land of lost chances”. In fact, with many political and economic opportunities lost due to the lack of a unified vision and clear economic methodology, there is the oil and gas sector, crippled since 2013.   Between 2008 and 2013, the oil sector has witnessed a quantum leap that paved the way [...]
18 Apr, 2016
Beirut says dispute over natural resources-rich offshore field is holding back its economic development, could lead to war!   During Holland visit, the speaker of Lebanon’s parliament Nabih Berri asked the French President Francois Hollande for help in demarcating the maritime border with Israel, amid warnings a dispute over a resource-rich patch of sea could lead to war.   Berri quoted to Hollande, who was in Lebanon for a two-day visit at the start of four days of meetings in the region: “This dispute [...]
17 Apr, 2016
The lack of a clear legal framework for foreign investors is holding back planning for the extensive exploitation of gas fields, while neighbor-rivals such as Israel move forward. Article posted by Bassam Fattouh & Laura El-Katiri Because of strong adversity on the political front, both domestic and foreign, Lebanon will have to wait until the middle of 2020 before closing the gap in terms of domestic gas supply and turning into a net importer of natural gas. In the picture, [...]
10 Mar, 2016
NICOSIA, Cyprus: Oil and gas figure to unlock historic gains for Cyprus that go far beyond economics and even its own borders, a senior industry veteran told a two-day energy conference in Nicosia as it wrapped up on Tuesday. “Cyprus is the region’s natural energy hub, meaning that every step it takes toward realizing that ambition also improves its neighbors’ chances of building their own oil and gas sectors,” said Roudi Baroudi, CEO of Qatar-based Energy and Environment Holding (EEH), an [...]
27 Jan, 2016
Wissam Zahabi, head of the Lebanese Petroleum Administration, urged the government to issue two decrees necessary to launch exploration in Lebanon’s offshore oil fields.   “We call upon the government to issue the two needed decrees for us to be able to launch a new licensing round for the exploration of oil and gas on Lebanon’s offshore,” he said to Lebanese Daily Star newspaper.   His remarks came during a ceremony held Friday in the occasion of signing a partnership agreement with the Chamber [...]
22 Jan, 2016
As part of this growing interest in the Cypriot island, a huge Business Forum for the East Mediterranean region is around the corner: The “Business Forum Cyprus-Lebanon” which will be held at the St. Raphael Resort in Limassol, Cyprus on Friday February 19th till Sunday February 21st with a wide panel of international key speakers, Lebanese and Cypriots businessmen, energy and economical sector key players and young entrepreneurs of both countries.   The program offers an incredible breadth of content, bringing world-class speakers from [...]
24 Nov, 2015
  U.S Noble Energy seeks the consent from the Cypriot Ministry of Energy to include Britain’s BG Group in consortium holding rights over the Block 12 field in the Eastern Mediterranean. A decision by British Gas to invest in Cyprus’ offshore energy reserves is good news for the Eastern Mediterranean’s entire oil and gas sector, an industry veteran said Monday.   The announcement by the Cypriot government and US-based Noble Energy “only reaffirms the potential enjoyed by several countries in the neighborhood,” said [...]
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Cogico SARL
  Oil & Gas, Fuel
  01 808150
Wardieh Holdings
  Oil & Gas, Fuel
  01 243476