New Lebanon Bid Round Delay
Lebanon’s caretaker Minister of Energy and Water Gebran Bassil says international oil companies (IOCs) have an additional month to submit their bids for rights to explore Lebanon’s offshore. The new deadline of 10 January 2014 follows an earlier month-long delay that saw the deadline pushed to 10 December (MEES, 4 October).
As Lebanon will likely fail to meet the conditions necessary to accept bids by...
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