Lebanon delays oil licensing round
Lebanon’s energy ministry issued another extension on September 8 to the deadline for bids in the first licensing round of offshore oil and gas exploration, moving the deadline from September 15 to October 12. The extension is the latest in a four-year delay in licensing prompted by political deadlock. On September 19, however, the Lebanese Parliament passed a petroleum tax law ahead of the new bidding deadline next month. Lebanon has pre-qualified more than 50 companies to bid for the licences.